The Volvo Group has continual meetings with the credit rating agencies Moody’s and Standard & Poor’s (S&P) to update them on the company’s development. These meetings contribute to the credit rating agencies’ ability to assess the Group’s future ability to repay loans. A high long-term credit rating provides access to additional sources of financing and improved access to the financial market.
On November 15, S&P changed Volvo’s credit rating from BBB-/Baa3 with negative outlook to BBB-/Baa3 with stable outlook. The change was attributable to a change in Volvo’s credit measurement. S&P also changed Volvo’s financial risk profile to “Medium” from earlier “Significant”.
Moody’s corporate rating of Volvo is BBB/Baa2 with stable outlook since July 24, 2009.