A credit rating is an assessment of a company’s ability to fulfill its duties and financial obligations. Scania has credit ratings for long- and short-term borrowing from Standard & Poor’s. Audit meetings are held with management every year, and Scania AB maintains continuous contact with credit analysts. Standard & Poor’s credit reports are published below.
Scania has a Standard & Poor’s Long Term stand-alone credit rating of BBB+. Standard & Poor’s consider Volkswagen’s ownership of Scania to be “Highly Strategic” rather than “Core” and their ratings methodology therefore dictates that Scania’s issuer credit rating shall be limited to the higher of (i) its stand-alone credit rating and (ii) a rating corresponding to one notch lower than Volkswagen’s. Scania’s issuer credit rating can never be higher than Volkswagen’s.
|Rating information (as from 28 October 2016)|
|Rating institution||Long term rating
||Short term rating||Nordic Regional Scale
|Standard & Poor’s||BBB+ Outlok negative||A-2||K-1|
|Rating information (as from 28 October, 2016)|
|Rating institution||Long term National Scale South Africa||Short term National Scale South Africa|
|Standard & Poor’s||zaAAA||zaA-1|