Ford Motor Co.'s Outlook Revised To Negative On Weaker-Than-Expected Profitability - S&P Global Ratings’ Credit Research

Ford Motor Co.'s Outlook Revised To Negative On Weaker-Than-Expected Profitability

Ford Motor Co.'s Outlook Revised To Negative On Weaker-Than-Expected Profitability - S&P Global Ratings’ Credit Research
Ford Motor Co.'s Outlook Revised To Negative On Weaker-Than-Expected Profitability
Published Jul 27, 2018
4 pages (1641 words) — Published Jul 27, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Significant underperformance in Europe and Asia-Pacific in recent quarters is pressuring U.S. automaker Ford Motor Co.'s profitability in addition to regulatory costs globally and softening industry demand in North America. Potentially meaningful restructuring actions to address unprofitable segments and/or regions will heighten execution risks in its path toward improving its profit margins in line with automotive peers by 2020. We are revising the outlook on Ford and its subsidiary Ford Motor Credit to negative from stable and affirming all ratings. The negative outlook reflects the increased likelihood that we will downgrade the company over the next 12-24 months given prolonged weakness in profitability and cash flow relative to our expectations for 2018 and 2019. NEW YORK (S&P Global Ratings) July

  
Brief Excerpt:

...+ Significant underperformance in Europe and Asia-Pacific in recent quarters is pressuring U.S. automaker Ford Motor Co.'s profitability in addition to regulatory costs globally and softening industry demand in North America. + Potentially meaningful restructuring actions to address unprofitable segments and/or regions will heighten execution risks in its path toward improving its profit margins in line with automotive peers by 2020. + We are revising the outlook on Ford and its subsidiary Ford Motor Credit to negative from stable and affirming all ratings. + The negative outlook reflects the increased likelihood that we will downgrade the company over the next 12-24 months given prolonged weakness in profitability and cash flow relative to our expectations for 2018 and 2019. NEW YORK (S&P Global Ratings) July 27, 2018-- S&P Global Ratings today revised its outlook on Detroit-based Ford Motor Co. and its subsidiary Ford Motor Credit Co. LLC (FMCC) (which we deem a core subsidiary) to negative...

  
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.'s Outlook Revised To Negative On Weaker-Than-Expected Profitability" Jul 27, 2018. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-s-Outlook-Revised-To-Negative-On-Weaker-Than-Expected-Profitability-2078911>
  
APA:
S&P Global Ratings’ Credit Research. (). Ford Motor Co.'s Outlook Revised To Negative On Weaker-Than-Expected Profitability Jul 27, 2018. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-s-Outlook-Revised-To-Negative-On-Weaker-Than-Expected-Profitability-2078911>
  
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