Leading market positions in Europe and South America in the manufacture of heavy trucks and buses. An up-to-date product range and the highest degree of component commonality in the global truck industry. Operations in industries characterized by high volatility and capital intensity. Financial Risk A conservative financial policy and a modest financial risk profile. Very strong profitability within peer group, and good financial flexibility. The stable outlook on Scania AB (publ.) reflects our view that the company will remain a "highly strategic" entity within the Volkswagen (VW) group. Under our criteria, the rating on Scania is likely to remain one notch lower than the group credit profile or in line with the company's own stand-alone credit profile over the 2014-2015
