VW Credit Canada, Inc.: Rates at A (high)

Kam Hon; David Schroeder/416-593-5577 ext.2243, ext.2232/khon@dbrs.com

 

DBRS is assigning a rating of A (high), with a Stable trend, to the $250 million 4.83% Series A Notes (the “Notes”) due September 22, 2008, of VW Credit Canada, Inc.  The rating is based on the guarantee by its ultimate parent, Volkswagen AG.  The Notes are ranked pari passu with all unsecured and unsubordinated indebtedness of the issuer.