Ratings On Three Volkswagen Bank Bonds Lowered To 'BBB+' From 'A-' - S&P Global Ratings’ Credit Research

Ratings On Three Volkswagen Bank Bonds Lowered To 'BBB+' From 'A-'

Ratings On Three Volkswagen Bank Bonds Lowered To 'BBB+' From 'A-' - S&P Global Ratings’ Credit Research
Ratings On Three Volkswagen Bank Bonds Lowered To 'BBB+' From 'A-'
Published Jun 14, 2018
3 pages (1157 words) — Published Jun 14, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

FRANKFURT (S&P Global Ratings) June 14, 2018--S&P Global Ratings said today that it corrected its ratings on three bonds issued by Volkswagen Bank GmbH (A-/Negative/A-2) by lowering them to 'BBB+' from 'A-'. We had incorrectly rated the following bonds as senior unsecured, rather than senior subordinated: €600 million 0.625% medium-term notes due Sept. 8, 2021 (ISIN: XS1830992480); €800 mil 1.25% medium-term notes due June 10, 2024 (ISIN: XS1830986326); and €600 million floating-rate medium-term notes due Dec. 8, 2021 (ISIN: XS1830992563). RELATED CRITERIA General Criteria: S&P Global Ratings' National And Regional Scale Mapping Tables, Aug. 14, 2017 Criteria - Financial Institutions - General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Ticker
2636Z@GR
Issuer
Volkswagen Bank GmbH
GICS
Consumer Finance (40202010)
Sector
Global Issuers, Structured Finance
Country
Germany
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On Three Volkswagen Bank Bonds Lowered To 'BBB+' From 'A-'" Jun 14, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Three-Volkswagen-Bank-Bonds-Lowered-To-BBB-From-A-2056175>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Three Volkswagen Bank Bonds Lowered To 'BBB+' From 'A-' Jun 14, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Three-Volkswagen-Bank-Bonds-Lowered-To-BBB-From-A-2056175>
  
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