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. Standard & Poor’s credit reports are published below.
Scania’s Standard & Poor’s Long Term Issuer Credit Rating can never deviate from that of its parent TRATON SE due to that Standard & Poor’s considers TRATON’s ownership of Scania to be “Core”. Furthermore, due to that Volkswagen’s ownership of TRATON is considered ”Highly Strategic”, TRATON’s issuer credit rating is limited to the higher of (i) its stand-alone credit rating and (ii) a rating corresponding to one notch lower than Volkswagen’s . As from July 10, 2023 Scania has ceased to be rated on a Stand-Alone basis by Standard & Poor’s. The major reason for this is the high degree of integration within the TRATON Group, for instance regarding R&D efforts and Financial Services. As a result of this, Standard & Poor’s rating analysis will only be done on TRATON level going forward.
Rating information (as from July 10, 2023)
|Rating institution||Long term rating||Short term rating||Nordic Regional Scale|
|Standard & Poor’s
||BBB Outlook Stable||A-2||K-2
|Rating institution||Long term National Scale South Africa||Short term National Scale South Africa|
|Standard & Poor’s||zaAAA||zaA-1+|