S&P revises Scania view to negative

S&P said it revised the outlook for Scania to negative, citing an expectation of weaker global demand for trucks and possible greater integration with lower-rated parent Traton.

“Although we expect some improvement of margins and free cash flow at Traton due to synergies, this could be more than offset by materially weaker demand for trucks in 2020, as we expect industry conditions to soften after 2019,” said S&P in a news release.

The agency affirmed Scania’s BBB+ rating.

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