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S&P Credit Research1897 word report
published Nov 04, 2009
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S&P Credit Research
| Abstract: | On Nov. 3, 2009, Standard&Poor's Ratings Services raised its ratings on certain Ford Motor Co. secured and unsecured debt issues, while leaving the recovery ratings on this debt unchanged. The issue-level rating changes reflect the raising of the corporate credit rating on Ford to 'B-' from 'CCC+' that day. (For the complete corporate credit rating rationale, please see Standard&Poor's research report on Ford Motor Co., published Nov. 3, 2009, on RatingsDirect.) We raised the issue-level rating on Ford's senior secured revolving credit facility and term loan to 'B-' (the same as the corporate credit rating on the company) from 'CCC+'; the recovery rating on this debt remains at '3', indicating that lenders would receive meaningful (50%
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| Brief Excerpt: | RESEARCH Ratings Definitions Recovery Report: Ford Motor Co.'s Recovery Rating Profile Publication date: 04-Nov-2009 Primary Credit Analysts: Robert Schulz, CFA, New York (1) 212-438-7808; robert_schulz@standardandpoors.com Gregg...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Structured Finance
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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.
