Ford Motor Co. Upgraded To 'CCC+' After Completion Of Debt Exchange; Outlook Negative - S&P Global Ratings’ Credit Research

Ford Motor Co. Upgraded To 'CCC+' After Completion Of Debt Exchange; Outlook Negative

Ford Motor Co. Upgraded To 'CCC+' After Completion Of Debt Exchange; Outlook Negative - S&P Global Ratings’ Credit Research
Ford Motor Co. Upgraded To 'CCC+' After Completion Of Debt Exchange; Outlook Negative
Published Apr 13, 2009
1613 words — Published Apr 13, 2009
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) April 13, 2009--Standard&Poor's Ratings Services today said it has raised its ratings on Ford Motor Co. and related entities, including the corporate credit rating, to 'CCC+' from 'SD-' (selective default). The ratings on Ford Motor Credit Co. (Ford Credit) are unchanged, at 'CCC+', and the ratings on FCE Bank PLC, Ford Credit's European bank, are also unchanged, at 'B-', maintaining the one-notch rating differential between FCE and its parent Ford Credit. The outlook on all entities is negative. The upgrade reflects our evaluation of Ford's creditworthiness following the company's completion of what we considered to be a distressed debt exchange. We lowered our corporate credit rating on Ford to 'SD' on April 6,

  
Brief Excerpt:

RESEARCH Ford Motor Co. Upgraded To '###+' After Completion Of Debt Exchange; Outlook Negative Publication date: 13-Apr-2009 Primary Credit Analysts: Robert Schulz, CFA, New York (1) 212-438-7808; robert_schulz@standardandpoors.com...

  
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. Upgraded To 'CCC+' After Completion Of Debt Exchange; Outlook Negative" Apr 13, 2009. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-Upgraded-To-CCC-After-Completion-Of-Debt-Exchange-Outlook-Negative-715332>
  
APA:
S&P Global Ratings’ Credit Research. (). Ford Motor Co. Upgraded To 'CCC+' After Completion Of Debt Exchange; Outlook Negative Apr 13, 2009. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-Upgraded-To-CCC-After-Completion-Of-Debt-Exchange-Outlook-Negative-715332>
  
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