Ford Motor Co. Unsecured Issues Raised On Lower Secured Debt; All Other Ratings Unchanged - S&P Global Ratings’ Credit Research

Ford Motor Co. Unsecured Issues Raised On Lower Secured Debt; All Other Ratings Unchanged

Ford Motor Co. Unsecured Issues Raised On Lower Secured Debt; All Other Ratings Unchanged - S&P Global Ratings’ Credit Research
Ford Motor Co. Unsecured Issues Raised On Lower Secured Debt; All Other Ratings Unchanged
Published Jul 29, 2011
Published Jul 29, 2011
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) July 29, 2011--Standard&Poor's Ratings Services said today that it raised its senior unsecured issue-level ratings to 'BB-' on Ford Motor Co. (BB-/Pos/--) the same as the corporate credit rating, from 'B+'. The recovery rating was revised to '4', indicating our expectations of average (30% to 50%) recovery in the event of a default, from '5'. All other ratings are unaffected by this review of the recovery prospects for the senior unsecured debt at Ford. The upgrade of the unsecured issues reflects our view of the improved recovery prospects because of the ongoing decline in senior secured debt (partly offset by the increase in unrated second lien loans from the Department of Energy). At

  
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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ford Motor Co. Unsecured Issues Raised On Lower Secured Debt; All Other Ratings Unchanged" Jul 29, 2011. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-Unsecured-Issues-Raised-On-Lower-Secured-Debt-All-Other-Ratings-Unchanged-882206>
  
APA:
S&P Global Ratings’ Credit Research. (). Ford Motor Co. Unsecured Issues Raised On Lower Secured Debt; All Other Ratings Unchanged Jul 29, 2011. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-Unsecured-Issues-Raised-On-Lower-Secured-Debt-All-Other-Ratings-Unchanged-882206>
  
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