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Recovery Update: Ford Loan, Recov Rtgs Affirmed After Size Of Secured Facilities Increases

Published Dec 11, 2006

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Abstract:

NEW YORK (Standard&Poor's) Dec. 11, 2006--Standard&Poor's Ratings Services said today it affirmed its 'B' bank loan and '2' recovery ratings on Ford Motor Co. (B/Negative/B-3) after the company increased the size of its proposed senior secured credit facilities to between $17.5 billion and $18.5 billion, up from $15 billion. The 'B' bank loan rating and '2' recovery rating indicate the expectation of substantial (80% to 100%) recovery of principal in the event of a payment default. (For the complete recovery analysis, see " Recovery Report: Ford Motor Co.?s Proposed $15 Billion Senior Secured Credit Facilities," published on RatingsDirect on Nov. 29, 2006.) In addition, Standard&Poor's affirmed its 'CCC+' issue rating on Ford's proposed $4.5

Report Type:

Ratings Action

Ticker

Issuer

Ford Motor Co.

GICS

Automobile Manufacturers (25102010)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

Summary: Ford Motor Co. – 2007/02/09 – US$ 225.00

Summary: Ford Motor Co. – 2007/03/20 – US$ 225.00

Summary: Ford Motor Co. – 2007/05/04 – US$ 225.00

Bulletin: Ford Motor Ratings Unaffected By Equity Conversion Offer For $5 Bil. In Preferred Securities – 2007/07/03 – Free

Ford Motor Co. – 2007/07/27 – US$ 500.00

Ford Motor Co.'s Proposed $3 Billion Senior Unsecured Convertible Debt Issue Rated 'CCC+' – 2006/12/05 – US$ 150.00

Research Update: Ford Motor Co.'s Proposed $3 Billion Senior Unsecured Convertible Debt Issue Rated 'CCC+' – 2006/12/05 – US$ 225.00

Ford Motor Co.'s $15 Billion Senior Secured Credit Facilities Rated 'B' (Recovery Rating: 2) – 2006/11/29 – US$ 150.00

Ford Motor Co. Sr. Unsecured Debt Cut To 'CCC+', Off Watch; Other Ratings Affirmed – 2006/11/27 – US$ 150.00

Research Update: Ford Motor Senior Unsecured Debt Cut To 'CCC+', Off Watch; 'B' Corp. Credit Rating Affirmed – 2006/11/27 – US$ 225.00

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.

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MLA:	S&P Global Ratings’ Credit Research. "Recovery Update: Ford Loan, Recov Rtgs Affirmed After Size Of Secured Facilities Increases" Dec 11, 2006. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Recovery-Update-Ford-Loan-Recov-Rtgs-Affirmed-After-Size-Of-Secured-Facilities-Increases-550578>

APA:	S&P Global Ratings’ Credit Research. (). Recovery Update: Ford Loan, Recov Rtgs Affirmed After Size Of Secured Facilities Increases Dec 11, 2006. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Recovery-Update-Ford-Loan-Recov-Rtgs-Affirmed-After-Size-Of-Secured-Facilities-Increases-550578>

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