September 23 (Reuters) - Fitch Ratings said Wednesday placed under review with negative implications the long-term rating of "A" Volkswagen VOWG_p.DE, referring to the car manufacturer brands fallout disastrous in terms of image of the alleged manipulation of matter emission tests in the United States. The rating agency added that she thinks unravel when this monitoring will know more about the impact of the scandal on regulators and consumers around the world and the extent cash outflows that generate at Volkswagen. "This decision reflects the damage in terms of reputation on the Group's brands as a result of an alleged manipulation of emission tests in the United States and a financial impact estimated at several billion relating to potential fines, recall costs, to lawsuits and complaints, "says Fitch. "This crisis has once again illustrate our diagnosis of a very weak governance of the company when compared to that of its peers." Fitch added that Volkswagen's credit metrics are strong with regard to his notes and the builder can absorb several billion euros of demands on its cash into question its credit profile. "However, we believe that the VW brand and reputation with regulators and consumers around the world will be seriously tarnished by the crisis, although the extent and duration of the operational and financial impact is difficult to evaluate, "she observes. The agency does not think the fine that could inflict the US Agency for Environmental Protection (EPA) reaches the $ 18 billion raised by the press, but, she added, "we believe that punctures Total cash will be several billion euros in the next two years. " (Office of Bangalore, Wilfrid Exbrayat for the French service, edited by Veronique Tison)
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