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Bulletin: Ford Motor Co. Provides Status Update On Debt Exchanges; Ratings Unaffected For Now

Published Mar 23, 2009

817 words — Published Mar 23, 2009

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Abstract:

NEW YORK (Standard&Poor's) March 23, 2009--Standard&Poor's Ratings Services today said that its corporate credit rating and other ratings on Ford Motor Co. (CC/Negative/--) are not immediately affected by Ford's status update on recent debt tender offers. The offers for Ford debt are being conducted by Ford Motor Credit Co. (Ford Credit), with the exception of a conversion offer for convertible notes, which is being conducted by Ford. The counterparty credit ratings and issue-level ratings on Ford Credit (CCC+/Negative/--) and FCE Bank PLC (B-/Negative/--) remain unchanged. We consider the pending tender offers as distressed exchanges and, as such, tantamount to a default under our criteria. Upon completion of the first tender offer--which we believe will be the

Brief Excerpt:

RESEARCH Bulletin: Ford Motor Co. Provides Status Update On Debt Exchanges; Ratings Unaffected For Now Publication date: 23-Mar-2009 Primary Credit Analysts: Robert Schulz, CFA, New York (1) 212-438-7808; robert_schulz@standardandpoors.com...

Report Type:

Bulletin

Ticker

Issuer

Ford Motor Co.

GICS

Automobile Manufacturers (25102010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

Ford Motor Co. Corp. Credit Rating Lowered To 'SD' (Selective Default) On Completion Of Tender Offers; Debt Rtgs To 'D' – 2009/04/06 – US$ 150.00

Research Update: Ford Motor Co. Corp. Credit Rating Lowered To 'SD' (Selective Default) On Completion Of Tender Offers; Debt Rtgs To 'D' – 2009/04/06 – US$ 225.00

Ford Motor Co. Upgraded To 'CCC+' After Completion Of Debt Exchange; Outlook Negative – 2009/04/13 – US$ 150.00

Research Update: Ford Motor Co. Upgraded To 'CCC+' After Completion Of Debt Exchange; Outlook Negative – 2009/04/13 – US$ 225.00

Bulletin: Ford Motor Co. Ratings Not Affected By Proposed Common Equity Offering – 2009/05/12 – Free

Ford Motor Co. Corporate Credit Rating Lowered To 'CC' On Distressed Debt Exchange; Outlook Negative – 2009/03/04 – US$ 150.00

Research Update: Ford Motor Co. Corporate Credit Rating Lowered To 'CC' On Distressed Debt Exchange; Outlook Negative – 2009/03/04 – US$ 225.00

Bulletin: Ford Motor Co. Ratings Not Affected By Credit Facility Draw, 4Q Losses – 2009/01/29 – Free

Ford Motor Co. – 2008/12/29 – US$ 500.00

Summary: Ford Motor Co. – 2008/12/29 – US$ 225.00

More from S&P Global Ratings’ Credit Research

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. Provides Status Update On Debt Exchanges; Ratings Unaffected For Now" Mar 23, 2009. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-Provides-Status-Update-On-Debt-Exchanges-Ratings-Unaffected-For-Now-710755>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Ford Motor Co. Provides Status Update On Debt Exchanges; Ratings Unaffected For Now Mar 23, 2009. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-Provides-Status-Update-On-Debt-Exchanges-Ratings-Unaffected-For-Now-710755>

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