Bulletin: Ford Motor Co. Use Of EquityTo Repurchase Ford Credit Debt Has No Rating Effect - S&P Global Ratings’ Credit Research

Bulletin: Ford Motor Co. Use Of EquityTo Repurchase Ford Credit Debt Has No Rating Effect

Bulletin: Ford Motor Co. Use Of EquityTo Repurchase Ford Credit Debt Has No Rating Effect - S&P Global Ratings’ Credit Research
Bulletin: Ford Motor Co. Use Of EquityTo Repurchase Ford Credit Debt Has No Rating Effect
Published Aug 15, 2008
382 words — Published Aug 15, 2008
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Abstract:

NEW YORK (Standard&Poor's) Aug. 15, 2008--Standard&Poor's Ratings Services said today that its ratings on Ford Motor Co. (B-/Negative/--) and related entities are not affected by Ford's intention to use up to $500 million of new common equity issuance to make purchases of Ford Motor Credit Co.'s debt. Debt due before 2012 will be the focus of the repurchases. Any such purchases in the open market or in private transactions will likely be at a discount from par, given current prices. We would view such purchases as a modest positive for Ford's consolidated credit quality.

  
Brief Excerpt:

RESEARCH Bulletin: Ford Motor Co. Use Of EquityTo Repurchase Ford Credit Debt Has No Rating Effect Publication date: 15-Aug-2008 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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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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Ford Motor Co. Use Of EquityTo Repurchase Ford Credit Debt Has No Rating Effect" Aug 15, 2008. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-Use-Of-EquityTo-Repurchase-Ford-Credit-Debt-Has-No-Rating-Effect-665595>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Ford Motor Co. Use Of EquityTo Repurchase Ford Credit Debt Has No Rating Effect Aug 15, 2008. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-Use-Of-EquityTo-Repurchase-Ford-Credit-Debt-Has-No-Rating-Effect-665595>
  
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