S&P threatens to downgrade Volkswagen over pollution scandal

GMT 13:48 2015 Thursday ,24 September

Arab Today, arab today S&P threatens to downgrade Volkswagen over pollution scandal

Standard & Poor's
Frankfurt - Arab Today

Standard & Poor's threatened Thursday to downgrade Volkswagen's credit rating over a worldwide pollution cheating scandal.

A day after fellow rating agency Fitch had similarly placed VW's credit on "rating watch negative," S&P said it had put VW's long- and short-term corporate credit ratings on "CreditWatch with negative implications".

 

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