The financial agency Wednesday lowered by one notch from A2 to A3, the rating of Volkswagen debt after German group reported a problem of C02 emissions on 800,000 diesel cars.
new case, which is in addition to fixing scandal engines on 11 million of its cars, aggravates “Volkswagen risks to reputation and its future results,” says the rating agency in a statement.
“For more information, read our article: Volkswagen Group caught in a downward spiral
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