Ford Motor Co.?s $7.2 Bil. Secured Revolving Credit Facility And $724 Mil. Term Loan B-2 Rated ?B-? (Recov. Rtg. ?3?) - S&P Global Ratings’ Credit Research

Ford Motor Co.?s $7.2 Bil. Secured Revolving Credit Facility And $724 Mil. Term Loan B-2 Rated ?B-? (Recov. Rtg. ?3?)

Ford Motor Co.?s $7.2 Bil. Secured Revolving Credit Facility And $724 Mil. Term Loan B-2 Rated ?B-? (Recov. Rtg. ?3?) - S&P Global Ratings’ Credit Research
Ford Motor Co.?s $7.2 Bil. Secured Revolving Credit Facility And $724 Mil. Term Loan B-2 Rated ?B-? (Recov. Rtg. ?3?)
Published Nov 30, 2009
1161 words — Published Nov 30, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Nov. 30, 2009--Standard&Poor's Ratings Services today assigned its 'B-' issue-level ratings and '3' recovery ratings to Ford Motor Co.'s amended and restated $7.2 billion senior secured revolving credit facility due 2013 and $724 million term loan B-2 due 2013. The '3' recovery ratings indicate our expectation that lenders would receive meaningful (50% to 70%) recovery in the event of a payment default. (For the complete recovery analysis, please see the recovery report on Ford to be published immediately following the release of this report on RatingsDirect). The new facilities are the result of an amendment and restatement under which Ford extended the maturity of all but $886 million of the $10.2 billion drawn

  
Brief Excerpt:

RESEARCH Ford Motor Co.aÇÖs $7.2 Bil. Secured Revolving Credit Facility And $724 Mil. Term Loan B-2 Rated aÇÿB-aÇÖ (Recov. Rtg. aÇÿ3aÇÖ) Publication date: 30-Nov-2009 Primary Credit Analysts: Robert Schulz, CFA, New York (1) 212-438-7808;...

  
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:
HTML HTML
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. "Ford Motor Co.?s $7.2 Bil. Secured Revolving Credit Facility And $724 Mil. Term Loan B-2 Rated ?B-? (Recov. Rtg. ?3?)" Nov 30, 2009. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-s-7-2-Bil-Secured-Revolving-Credit-Facility-And-724-Mil-Term-Loan-B-2-Rated-B-Recov-Rtg-3-760113>
  
APA:
S&P Global Ratings’ Credit Research. (). Ford Motor Co.?s $7.2 Bil. Secured Revolving Credit Facility And $724 Mil. Term Loan B-2 Rated ?B-? (Recov. Rtg. ?3?) Nov 30, 2009. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-s-7-2-Bil-Secured-Revolving-Credit-Facility-And-724-Mil-Term-Loan-B-2-Rated-B-Recov-Rtg-3-760113>
  
US$ 150.00
$  £  €
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.