Ford Motor Co.'s Revolving Credit Facilities Lowered To 'BB+' On Release Of Collateral - S&P Global Ratings’ Credit Research

Ford Motor Co.'s Revolving Credit Facilities Lowered To 'BB+' On Release Of Collateral

Ford Motor Co.'s Revolving Credit Facilities Lowered To 'BB+' On Release Of Collateral - S&P Global Ratings’ Credit Research
Ford Motor Co.'s Revolving Credit Facilities Lowered To 'BB+' On Release Of Collateral
Published May 24, 2012
Published May 24, 2012
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) May 24, 2012--Standard&Poor's Ratings Services said today that it has lowered its issue rating on Ford Motor Co.'s $9.3 billion revolving credit facilities to 'BB+' from 'BBB'. The facilities consist of about $300 million due November 2013 and $9 billion due November 2015. The downgrade reflects the fact that the bank facilities are now unsecured following release of the collateral on May 22, 2012. Collateral was released in accordance with provisions in the credit facilities that were triggered when Ford's senior long-term debt had investment-grade ratings from two of the three major rating agencies. The credit facilities are now senior unsecured obligations of Ford Motor Co. and rank equal to Ford's other unsecured

  
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.'s Revolving Credit Facilities Lowered To 'BB+' On Release Of Collateral" May 24, 2012. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-s-Revolving-Credit-Facilities-Lowered-To-BB-On-Release-Of-Collateral-969521>
  
APA:
S&P Global Ratings’ Credit Research. (). Ford Motor Co.'s Revolving Credit Facilities Lowered To 'BB+' On Release Of Collateral May 24, 2012. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ford-Motor-Co-s-Revolving-Credit-Facilities-Lowered-To-BB-On-Release-Of-Collateral-969521>
  
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