Ford Motor Co., Related Entities' Ratings Lowered To 'CCC+' On Increasing Cash Use - S&P Global Ratings’ Credit Research

Ford Motor Co., Related Entities' Ratings Lowered To 'CCC+' On Increasing Cash Use

Ford Motor Co., Related Entities' Ratings Lowered To 'CCC+' On Increasing Cash Use - S&P Global Ratings’ Credit Research
Ford Motor Co., Related Entities' Ratings Lowered To 'CCC+' On Increasing Cash Use
Published Nov 20, 2008
Published Nov 20, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Nov. 20, 2008--Standard&Poor's Ratings Services today said it has lowered its ratings on Ford Motor Co., Ford Motor Credit Co. (Ford Credit), and related entities, including the corporate credit ratings to 'CCC+' from 'B-', and removed them from CreditWatch, where they had been placed with negative implications on Oct. 9, 2008. At the same time, we lowered the counterparty credit rating on FCE Bank PLC, Ford Credit's European bank, to 'B-' from 'B', maintaining the one-notch rating differential between FCE and its parent. The rating outlook on all entities is negative. The downgrades reflect increasing and ongoing cash use in Ford's automotive operations caused by plummeting U.S. and now European light-vehicle demand and

  
Report Type:

Ratings Action

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. "Ford Motor Co., Related Entities' Ratings Lowered To 'CCC+' On Increasing Cash Use" Nov 20, 2008. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-Related-Entities-Ratings-Lowered-To-CCC-On-Increasing-Cash-Use-684764>
  
APA:
S&P Global Ratings’ Credit Research. (). Ford Motor Co., Related Entities' Ratings Lowered To 'CCC+' On Increasing Cash Use Nov 20, 2008. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-Related-Entities-Ratings-Lowered-To-CCC-On-Increasing-Cash-Use-684764>
  
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