VW: Moody’s lowers rating after his admission on emissions … – Romandie.com

VW: Moody’s lowers rating after his admission on CO2 emissions

Washington (awp / afp) – Moody’s downgraded Wednesday by one notch from A2 to A3, the rating of Volkswagen debt after new charges against the German group in the United States and its admission of C02 emissions of about 800,000 cars problems.

These new elements, in addition to fixing scandal engines of 11 million of its cars, worse “Volkswagen risks to reputation and its future results,” says the rating agency in a statement, assigning the rating a negative outlook.

On Tuesday, the group had admitted to 12 brands the discovery of “unexplained discrepancies” on CO2 emissions of 800,000 cars, estimating the cost at € 2 billion.

The US authorities also accused Monday of VW have underestimated the number diesel vehicles with truqueur software to distort pollution testing and minimize releases of nitrogen oxides (NOx).

“These new charges pose additional challenges on flexibility financial and Volkswagen’s competitiveness and increases the concerns of Moody’s on the problems of internal control and governance “group, Moody’s said in a statement.

The survey of US regulators” may be long and should result not only in a certain cost for repair and fine but also more oversight and restrictions in the future, “added Moody’s, which does not exclude lower again in the medium term notes VW .

Its competitor, the agency Standard and Poor’s, she has decided to leave unchanged the credit rating of VW, it had lowered mid-October, while ensuring that it remains under “Monitoring negative “view of a possible further reduction

afp / rp

(AWP / 05.11.2015 6:22).

(AWP / 05.11.2015 6:22) ->