Volkswagen’s Credit Outlook Worsens

As Volkswagen’s (VLKAY) emission-rigging scandal widens, its credit picture is looking worse. On Wednesday, Moody’s Investors Service downgraded Volkswagen’s credit from A2 to A3, which is still investment grade. The firm continues to have a negative outlook. Yasmina Serghini, Moody’s lead analyst for Volkswagen, said: Today’s downgrade reflects mounting risks to Volkswagen’s reputation and future earnings following […]