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S&P Credit Research1907 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | Ford reported third-quarter operating cash flow of $1.8 billion from its global automotive operations, a significant improvement from its heavy cash use earlier this year and in 2008. The company announced plans to extend the maturity of its secured revolving credit facility from 2011 to 2013, which in our view would improve liquidity. We believe the risks of Ford's cash balances falling below dangerously low levels have been reduced by recent developments. Still, the sustainability and pace of improvement in industry demand and Ford's own financial results remains uncertain. Standard&Poor's is raising its corporate credit rating on Ford and subsidiaries to 'B-' from 'CCC+'. We also raised the issue ratings. The outlook is stable. NEW YORK (Standard&
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| Brief Excerpt: | RESEARCH Ratings Definitions Ford Motor Co., Ford Credit Ratings Raised To 'B-' On Better Cash Flow, Potential Bank Deal; Outlook Stable Publication date: 03-Nov-2009 Primary Credit Analysts: Robert Schulz, CFA, New York (1) 212-438-7808;...
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| Report Type: | Ratings Action
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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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- Ford Motor Co. $400.00
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- Summary: Ford Motor Co. $175.00
The ratings on Ford Motor Co. and related entities reflect the multiple business and financial risks the company must overcome to stem its cash use in an uncertain industry and economic environment. Standard&Poor's Ratings Services views Ford's ...
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- Research Update: Ford Motor Co., Ford Credit Ratings Raised To 'B-' On Better Cash Flow, Potential Bank Deal; Outlook Stable $175.00
Ford reported third-quarter operating cash flow of $1.8 billion from its global automotive operations, a significant improvement from its heavy cash use earlier this year and in 2008. The company announced plans to extend the maturity of its ...
- Summary: Ford Motor Co. $175.00
The ratings on Ford Motor Co. and related entities reflect the multiple business and financial risks the company must overcome to stem its cash use in an uncertain industry and economic environment. Standard&Poor's Ratings Services views Ford's ...
- Ford Motor Co. $400.00
Sizable market shares across most major North American vehicle segments Geographic breadth, with operations in most significant non-U.S. markets Ample, but still declining, cash balances Cash use from automotive operations, which reduces liquidity ...
- Ford Motor Co. $400.00
Sizable market shares across most major North American vehicle segments Geographic breadth, with operations in most significant non-U.S. markets Ample, but still declining, cash balances Cash use from automotive operations, which reduces liquidity ...
- Summary: Ford Motor Co. $175.00
The ratings on Ford Motor Co. and related entities reflect the multiple business and financial risks the company must overcome to stem its cash use in an uncertain industry and economic environment. We view Ford's business risk profile as vulnerable ...
