Ratings dominos – Scania hit by VW cap

The ramifications for Volkswagen's alleged manipulation of emission tests threaten much more than just Volkswagen and Audi vehicles. Volkswagen AG has already had its rating placed on CreditWatch negative by Standard & Poor's (S&P) following the emergence of investigations from US regulators, but now Scania is also under threat. The ratings agency has placed its 'A-' long-term rating on Scania on CreditWatch negative, citing its close link to the parent company.