TRATON SE Outlook Revised To Stable From Negative Following A Similar Action On Parent Volkswagen AG; Ratings Affirmed - S&P Global Ratings’ Credit Research

TRATON SE Outlook Revised To Stable From Negative Following A Similar Action On Parent Volkswagen AG; Ratings Affirmed

TRATON SE Outlook Revised To Stable From Negative Following A Similar Action On Parent Volkswagen AG; Ratings Affirmed - S&P Global Ratings’ Credit Research
TRATON SE Outlook Revised To Stable From Negative Following A Similar Action On Parent Volkswagen AG; Ratings Affirmed
Published Apr 29, 2021
4 pages (1999 words) — Published Apr 29, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

On April 28, 2021, we revised our outlook on German car manufacturer Volkswagen AG (VW) to stable from negative and affirmed the 'BBB+/A-2' ratings. We assess TRATON SE as a highly strategic subsidiary of VW, reflecting the strong ties between the two entities and our expectation that VW's stake in the company will not decrease below 75% in the foreseeable future. We therefore revised the outlook on TRATON to stable from negative and affirmed our 'BBB' long-term issuer credit rating. The stable outlook on TRATON mirrors that on VW, which owns 89.7% of the company. MILAN (S&P Global Ratings) April 29, 2021—S&P Global Ratings today took the rating actions listed above. The stable outlook on TRATON mirrors that on VW.

  
Brief Excerpt:

...April 29, 2021 - On April 28, 2021, we revised our outlook on German car manufacturer Volkswagen AG (VW) to stable from negative and affirmed the '###+/A-2' ratings. - We assess TRATON SE as a highly strategic subsidiary of VW, reflecting the strong ties between the two entities and our expectation that VW's stake in the company will not decrease below 75% in the foreseeable future. - We therefore revised the outlook on TRATON to stable from negative and affirmed our '###' long-term issuer credit rating. - The stable outlook on TRATON mirrors that on VW, which owns 89.7% of the company. MILAN (S&P Global Ratings) April 29, 2021--S&P Global Ratings today took the rating actions listed above. The outlook revision on TRATON follows that on VW. We consider TRATON to be a highly strategic subsidiary of VW, reflecting our expectation that VW's stake in the company will not decrease below 75% in the foreseeable future. On April 28, 2021, we revised the outlook on our '###+' VW rating to stable...

  
Report Type:

Ratings Action

Issuer
TRATON SE
GICS
Construction & Farm Machinery & Heavy Trucks (20106010)
Sector
Global Issuers
Country
Germany
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "TRATON SE Outlook Revised To Stable From Negative Following A Similar Action On Parent Volkswagen AG; Ratings Affirmed" Apr 29, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/TRATON-SE-Outlook-Revised-To-Stable-From-Negative-Following-A-Similar-Action-On-Parent-Volkswagen-AG-Ratings-Affirmed-2638164>
  
APA:
S&P Global Ratings’ Credit Research. (). TRATON SE Outlook Revised To Stable From Negative Following A Similar Action On Parent Volkswagen AG; Ratings Affirmed Apr 29, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/TRATON-SE-Outlook-Revised-To-Stable-From-Negative-Following-A-Similar-Action-On-Parent-Volkswagen-AG-Ratings-Affirmed-2638164>
  
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