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 af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. the A-2 short-term rating STOCKHOLM, Sweden -- Regulatory News: In their credit report Standard & Poor's says the assigned rating reflects AB Volvo's (STO STO Store (calculator function) STO Société de Transport de l'Outaouais (French) STO Strategic Technology Office (DARPA) STO Security Through Obscurity STO Service to Others :VOLVA) (STO:VOLVB) "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 See Chief Financial Officer. of the Volvo Group. "This report gives the investor community a clear picture of our financial strength and position." January 23, 2009 Visit http://www.thenewsmarket.com/volvogroup to access broadcast-standard video from Volvo Group. You can preview and request video, and choose to receive as a MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). 2 file or by Beta SP tape. Registration and video is free to the media. AB Volvo (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at HH.MM p.m. CET CET abbr. Central European Time CET Central European Time CET n abbr (= Central European Time) → hora de Europa central CET abbr , January 23, 2009. The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 100,000 people, has production facilities in 19 countries and sells their products in more than 180 markets. Annual sales of the Volvo Group amount to about SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 285 billion. The Volvo Group is a publicly-held company headquartered in Goteborg, Sweden. Volvo shares are listed on OMX OMX Office Max (stock symbol) Nordic Exchange Stockholm. Please visit http://www.volvogroup.com/ for more information. This information was brought to you by Cision http://www.cisionwire.com |
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