Bulletin: Ford Motor Co. Fourth-Quarter Results And 2012 Outlook Have No Rating Impact - S&P Global Ratings’ Credit Research

Bulletin: Ford Motor Co. Fourth-Quarter Results And 2012 Outlook Have No Rating Impact

Bulletin: Ford Motor Co. Fourth-Quarter Results And 2012 Outlook Have No Rating Impact - S&P Global Ratings’ Credit Research
Bulletin: Ford Motor Co. Fourth-Quarter Results And 2012 Outlook Have No Rating Impact
Published Jan 27, 2012
1339 words — Published Jan 27, 2012
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Abstract:

NEW YORK (Standard&Poor's) Jan. 27, 2012--Standard&Poor's Ratings Services said today that it views Ford Motor Co.'s (BB+/Stable/--) fourth-quarter results and the company's outlook for 2012, both announced today, as consistent with our assumptions incorporated in the fall 2011 upgrade. Ford's automotive operating cash flow in the quarter was only $700 million (after a working capital use of $400 million); for 2011 it was $5.6 billion. For the rating, we assume Ford will generate annual automotive operating cash flow in its global automotive operations of at least $2 billion-$3 billion in the next few years. The automaker announced a consolidated pretax profit of $1.1 billion for the fourth quarter (excluding special items), down about 15% year over

  
Brief Excerpt:

RESEARCH Bulletin: Ford Motor Co. Fourth-Quarter Results And 2012 Outlook Have No Rating Impact Publication date: 27-Jan-2012 Primary Credit Analyst: Robert Schulz, New York (1) 212-438-7808; robert_schulz@standardandpoors.com Secondary...

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Automobile Manufacturers (25102010)
Sector
Global Issuers , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Ford Motor Co. Fourth-Quarter Results And 2012 Outlook Have No Rating Impact" Jan 27, 2012. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-Fourth-Quarter-Results-And-2012-Outlook-Have-No-Rating-Impact-933890>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Ford Motor Co. Fourth-Quarter Results And 2012 Outlook Have No Rating Impact Jan 27, 2012. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-Fourth-Quarter-Results-And-2012-Outlook-Have-No-Rating-Impact-933890>
  
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