Ratings

In 2013, rating agencies Standard & Poor’s and Moody’s Investors Service undertook their regular update of their credit ratings for Volkswagen AG, Volkswagen Financial Services AG and Volkswagen Bank GmbH. Standard & Poor’s confirmed its short-term and long-term ratings of A–2 and A– respectively for Volkswagen AG, Volkswagen Financial Services AG and Volkswagen Bank GmbH. The outlook for all three companies remains “positive”.

Moody’s Investors Service confirmed its short-term and long-term ratings for Volkswagen AG, Volkswagen Financial Services AG and Volkswagen Bank GmbH at P–2 and A3 respectively and also left the outlook for all three companies unchanged at “positive”.

oekom research AG, which issues ratings for companies in the sustainable investment segment, rates Volkswagen at B– on a twelve-point scale ranging from A+ to D–. Volkswagen thus enjoys “prime status” as one of the leading companies in its industry. oekom research rates a company’s social and environmental performance in connection with the corporate ratings performed on the basis of over 100 criteria selected for specific industries.