Frankfurt am Main, March 20, 2015 -- Moody's Investors Service has today upgraded to A2/Prime-1 from A3/Prime-2 the long and short-term debt ratings of Volkswagen Financial Services AG (VW FS AG) and the debt and deposit ratings of Volkswagen Bank GmbH (VW Bank).The rating action was prompted by an upgrade of the long-term issuer rating of both entities' ultimate parent, Volkswagen Aktiengesellschaft (Volkswagen) to A2 (stable) from A3 (positive). For further details, please refer to the press release "Moody's upgrades Volkswagen's ratings; stable outlook", published 16 March 2015 (https://www.moodys.com/research/--PR_320739).
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