29.08.2013 12:47:00

Volkswagen International Finance N.V. -- Moody's assigns Baa2 rating to Volkswagen's proposed hybrid security; positive outlook.

Frankfurt am Main, August 29, 2013 -- Moody's Investors Service has today assigned a Baa2 long-term rating to Volkswagen Aktiengesellschaft's ("Volkswagen" or "VW") proposed issuance of "Undated Euro-denominated subordinated notes issued by Volkswagen International Finance N.V. guaranteed by Volkswagen Aktiengesellschaft. The size of the hybrid debt remains subject to market conditions.

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