BERLIN, October 1 (Reuters) – Members of Volkswagen’s supervisory board are concerned about the credit rating of the German manufacturer and are considering taking steps to preserve, without for the moment of transfer projects asset, said two sources close to the board.
The Wolfsburg group declined to comment this information, collected by Reuters late on Wednesday evening.
Last week The Standard & amp rating agency; Poor’s placed the rating of VW supervised while Moody lowered’s his perspective, arguing the possible financial repercussions of the affair measurement tests manipulations of pollutants emitted by diesel vehicles in the group.
The sources said the board is concerned about a possible downgrade of the group, which would result in higher borrowing costs and affect its ability to regain the confidence of investors.
The board plans Therefore measures to reduce costs and generate revenue. But the potential sale of assets or Volkswagen brand was not raised, said the two sources.
The scandal prompted last week chief executive, Martin Winterkorn, to resign, the former boss of Porsche, Matthias Müller, succeeding him as head of the group.
Around 8:10 GMT, the Volkswagen wins as 5.4% to 102.60 euros on the Stock Exchange Frankfurt. (Andreas Cremer; Myriam Rivet for the French service, edited by Marc Angrand)
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