Volkswagen bond prices rise following Q2 results

Newswire

By David Wigan LONDON, July 23 (Reuters) - Bonds of German carmaker Volkswagen rose in value following second quarter results, amid speculation that better-than-expected cash flow could prevent a further ratings downgrade for now. Investors who had sold the company's 27.6 billion euros of debt in the past few days stepped in as buyers, traders said. "We are seeing a relief rally," said Christophe Boulanger, an analyst at Dresdner Kleinwort Wasserstein in London. "The earnings were in ...

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