On Aug. 2, 2011, we revised our rating outlook on German auto manufacturer Volkswagen AG (VW) to stable from negative. In our view, VW's Swedish subsidiary, Scania (publ.) AB has a satisfactory business risk profile and modest financial risk profile. We are revising our outlook on Scania to stable from negative and affirming the 'A-/A-2' ratings. The stable outlook on Scania reflects that on VW, in line with our parent-subsidiary criteria to assess Scania's credit quality. STOCKHOLM (Standard&Poor's) Aug. 4, 2011--Standard&Poor's Ratings Services said today it revised its outlook on Sweden-based truck and bus manufacturer Scania (publ.) AB to stable from negative. At the same time, the 'A-' long-term and 'A-2' short-term corporate credit ratings were
