AB Volvo assigned A- long-term credit rating by Standard & Poor’s

Standard & Poor’s has assigned an “A-“ long-term corporate credit rating with stable outlook for AB Volvo and affirmed the A-2 short-term rating.

In their credit report Standard & Poor’s says the assigned rating reflects AB Volvo’s “leading market positions worldwide” and the fact that "Volvo also benefits from a conservative financial profile and high financial flexibility”.

”In the current financial environment it’s very valuable to have an additional rating perspective”, says Mikael Bratt, CFO of the Volvo Group. ”This report gives the investor community a clear picture of our financial strength and position.”

January 23, 2009

For further information, please contact Mårten Wikforss, +46 31 66 11 27