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Bulletin: Ford Motor Co. Ratings Not Affected By Proposed Common Equity Offering

Published May 12, 2009

699 words — Published May 12, 2009

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Abstract:

NEW YORK--(Standard&Poor's) May 12, 2009--Standard&Poor's Ratings Services said today that its ratings on Ford Motor Co. (CCC+/Negative/--) and related entities are not currently affected by Ford's announcement that it plans to offer 300 million shares of common equity, which we estimate could result in proceeds of about $1.8 billion based upon the company's recent stock price. Ford plans to use some of the cash proceeds to fund a portion of its contributions to the postretirement health-care trust established with the United Auto Workers, instead of contributing stock. In our view, the sale of common stock is mildly positive because, depending upon how much cash is retained by Ford following the contribution to the trust, the offering

Brief Excerpt:

RESEARCH Bulletin: Ford Motor Co. Ratings Not Affected By Proposed Common Equity Offering Publication date: 12-May-2009 Primary Credit Analyst: Robert Schulz, CFA, New York (1) 212-438-7808; robert_schulz@standardandpoors.com Secondary...

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

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Ford Motor Co. Ratings Not Affected By Proposed Common Equity Offering" May 12, 2009. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-Ratings-Not-Affected-By-Proposed-Common-Equity-Offering-721234>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Ford Motor Co. Ratings Not Affected By Proposed Common Equity Offering May 12, 2009. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-Ratings-Not-Affected-By-Proposed-Common-Equity-Offering-721234>

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