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*
|Rating Agency||Short term||Long term|
|Moody's (global)||P-2||A3, stable|
|S&P (global)||A-2||A-, stable|
|R&I (Japan)||a-1||A+, stable|
* Each agency has its own nomenclature