Bulletin: Ford Motor Co.'s Path To An Investment-Grade Rating Could Extend To Early 2023 With Gradual Recovery In Cash Flow - S&P Global Ratings’ Credit Research

Bulletin: Ford Motor Co.'s Path To An Investment-Grade Rating Could Extend To Early 2023 With Gradual Recovery In Cash Flow

Bulletin: Ford Motor Co.'s Path To An Investment-Grade Rating Could Extend To Early 2023 With Gradual Recovery In Cash Flow - S&P Global Ratings’ Credit Research
Bulletin: Ford Motor Co.'s Path To An Investment-Grade Rating Could Extend To Early 2023 With Gradual Recovery In Cash Flow
Published Feb 07, 2022
3 pages (1358 words) — Published Feb 07, 2022
Price Free  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Feb. 7, 2022--S&P Global Ratings today said that Ford Motor Co.'s (BB+/Positive/B) fourth-quarter 2021 performance and guidance for 2022 indicate a gradual recovery of free operating cash flow (FOCF) amid supply bottlenecks and inflationary conditions. The company still remains positioned for an upgrade to an investment-grade rating by early 2023 (for more details, see "Ford Motor Co. And Subsidiary Ratings Affirmed; Outlook Revised To Positive On Improved Cash Flow Prospects In 2022-2023," published Nov. 18, 2021). Despite Ford's weak first-quarter 2022 guidance stemming from its ongoing semiconductor-related production shortfalls, we expect higher volumes, steady product mix, and pricing to offset high commodity costs and inflationary challenges for the rest of 2022. In addition, Ford's ongoing

  
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:
PDF Adobe Acrobat
Buy Now

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Ford Motor Co.'s Path To An Investment-Grade Rating Could Extend To Early 2023 With Gradual Recovery In Cash Flow" Feb 07, 2022. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-s-Path-To-An-Investment-Grade-Rating-Could-Extend-To-Early-2023-With-Gradual-Recovery-In-Cash-Flow-2791839>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Ford Motor Co.'s Path To An Investment-Grade Rating Could Extend To Early 2023 With Gradual Recovery In Cash Flow Feb 07, 2022. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ford-Motor-Co-s-Path-To-An-Investment-Grade-Rating-Could-Extend-To-Early-2023-With-Gradual-Recovery-In-Cash-Flow-2791839>
  
Free
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.