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S&P Credit Research701 word report
published May 12, 2009
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S&P Credit Research
| Abstract: | NEW YORK--(Standard&Poor's) May 12, 2009--Standard&Poor's Ratings Services said today that its ratings on Ford Motor Co. (CCC+/Negative/--) and related entities are not currently affected by Ford's announcement that it plans to offer 300 million shares of common equity, which we estimate could result in proceeds of about $1.8 billion based upon the company's recent stock price. Ford plans to use some of the cash proceeds to fund a portion of its contributions to the postretirement health-care trust established with the United Auto Workers, instead of contributing stock. In our view, the sale of common stock is mildly positive because, depending upon how much cash is retained by Ford following the contribution to the trust, the offering
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| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: Ford Motor Co. Ratings Not Affected By Proposed Common Equity Offering Publication date: 12-May-2009 Primary Credit Analyst: Robert Schulz, CFA, New York (1) 212-438-7808; robert_schulz@standardandpoors.com...
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| Report Type: | Bulletin
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| Ticker: | F
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| Issuer: | Ford Motor Co.
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| GICS: | Automobile Manufacturers (25102010)
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| Sector: | Global Issuers, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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