Credit rating

The purpose of credit ratings is to rank the capability of a company to repay loans - short term and long term - at the time of the maturity of the loan.

AB Volvo (publ) has business agreements with two global rating agencies; Moody's Investor Services and S&P (Standard and Poor's) and two local agencies; DBRS (Dominion Bond Rating Services) in Canada and R&I (Rating & Investment Information) in Japan.

Volvo Group credit ratings*

Rating Agency Short term Long term
Moody's (global) P-2 Baa1 stable
S&P (global) A-2 BBB+ stable
DBRS (Canada)   BBB (high)
R&I (Japan) a-1 A, stable

* Each agency has its own nomenclature