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22.06.2015 22:12:00
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Volkswagen Bank, S.A. -- Moody's upgrades Volkswagen Bank Mexico and Volkswagen Leasing Mexico's senior debt ratings to Aa3
Mexico, June 22, 2015 -- Moody's de México upgraded Volkswagen Bank, S.A. (VW Bank Mexico) and Volkswagen Leasing, S.A. de C.V.'s (VW Leasing Mexico) long-term global local currency (GLC) senior debt ratings to Aa3 from A2. Moody's also upgraded both issuers' long-term GLC senior MTN program ratings to (P)Aa3 from (P)A2 and affirmed VW Leasing Mexico's (P)Prime-1 short-term GLC senior MTN program rating. The bank's and leasing company's long-term debt ratings have a stable outlook. Today's actions conclude the reviews initiated on 23 March 2015.
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