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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 one local agency; R&I (Rating & Investment Information) in Japan.

Volvo Group credit ratings, July 2, 2021*

Rating Agency Short term Long term
Moody's (Corporate Rating) P-1 A2, stable
S&P (Corporate Rating) A2 A-, stable
R&I (Japan) a-1 A+, stable


* Each agency has its own nomenclature

Volvo Group credit ratings, February 25, 2021*

Rating Agency Short term Long term
Moody's (Corporate Rating) P-2 A3, stable
S&P (Corporate Rating) A2 A-, stable
R&I (Japan) a-1 A+, stable


* Each agency has its own nomenclature

Volvo Group credit ratings, February 24, 2020*

Rating Agency Short term Long term
Moody's (Corporate Rating) P-2 A3, stable
S&P (Corporate Rating) A2 A-, stable
R&I (Corporate Rating) a-1 A+, stable


* Each agency has its own nomenclature

Volvo Group credit ratings, 8 March, 2019*

Rating Agency Short term Long term
Moody's (Corporate Rating) P-2 Baa1, positive
S&P (Corporate Rating) A2 BBB+, positive
DBRS (Canada) - BBB (high), positive
R&I (Japan) a-1 A+, stable


* Each agency has its own nomenclature

Volvo Group credit ratings, 6 March, 2018*

Rating Agency Short term Long term
Moody's (Corporate Rating) P-2 Baa1, stable
S&P (Corporate Rating) A2 BBB+, stable
DBRS (Canada) - BBB (high), positive
R&I (Japan) a-1 A, stable


* Each agency has its own nomenclature

Links

Our credit rating agencies

Moody’s 

S&P 

DBRS (Canada) 

R&I (Japan)