Bulletin: Ford Motor Co. Corporate Credit Rating Unaffected By $1.8 Billion Deal To Sell Volvo Car Corp. - S&P Global Ratings’ Credit Research

Bulletin: Ford Motor Co. Corporate Credit Rating Unaffected By $1.8 Billion Deal To Sell Volvo Car Corp.

Bulletin: Ford Motor Co. Corporate Credit Rating Unaffected By $1.8 Billion Deal To Sell Volvo Car Corp. - S&P Global Ratings’ Credit Research
Bulletin: Ford Motor Co. Corporate Credit Rating Unaffected By $1.8 Billion Deal To Sell Volvo Car Corp.
Published Mar 29, 2010
911 words — Published Mar 29, 2010
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Abstract:

NEW YORK (Standard&Poor's) March 29, 2010--Standard&Poor's Ratings Services said today that Ford Motor Co.'s (B-/Stable/--) announcement that it has reached a definitive agreement to sell Volvo Car Corp. and related assets to Zhejiang Geely Holding Group Co. Ltd. (unrated) will not affect the corporate credit rating on Ford and related entities. Ford said it anticipates closing in third-quarter 2010 and stated that the purchase price is $1.8 billion, of which $1.6 billion will be in cash and $200 million in a note. Ford noted that the net cash proceeds could be significantly less than $1.6 billion because there will be adjustments for pension deficits, debt, cash, and working capital. Under the terms of Ford's credit agreement,

  
Brief Excerpt:

RESEARCH Bulletin: Ford Motor Co. Corporate Credit Rating Unaffected By $1.8 Billion Deal To Sell Volvo Car Corp. Publication date: 29-Mar-2010 Primary Credit Analysts: Robert Schulz, CFA, New York (1) 212-438-7808; robert_schulz@standardandpoors.com...

  
Report Type:

Bulletin

Ticker
F
Issuer
Ford Motor Co.
GICS
Automobile Manufacturers (25102010)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Ford Motor Co. Corporate Credit Rating Unaffected By $1.8 Billion Deal To Sell Volvo Car Corp." Mar 29, 2010. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-Corporate-Credit-Rating-Unaffected-By-1-8-Billion-Deal-To-Sell-Volvo-Car-Corp-785283>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Ford Motor Co. Corporate Credit Rating Unaffected By $1.8 Billion Deal To Sell Volvo Car Corp. Mar 29, 2010. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-Corporate-Credit-Rating-Unaffected-By-1-8-Billion-Deal-To-Sell-Volvo-Car-Corp-785283>
  
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