Research Update: Ford, Ford Credit Downgraded, Off Watch As Cash Losses Mount In North America; Otlk Negative - S&P Global Ratings’ Credit Research

Research Update: Ford, Ford Credit Downgraded, Off Watch As Cash Losses Mount In North America; Otlk Negative

Research Update: Ford, Ford Credit Downgraded, Off Watch As Cash Losses Mount In North America; Otlk Negative - S&P Global Ratings’ Credit Research
Research Update: Ford, Ford Credit Downgraded, Off Watch As Cash Losses Mount In North America; Otlk Negative
Published Jul 31, 2008
Published Jul 31, 2008
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On July 31, 2008, Standard&Poor's Ratings Services lowered its ratings on Ford Motor Co., Ford Motor Credit Co. (Ford Credit), and related entities to 'B-' from 'B,' and removed the ratings from CreditWatch, where they had been placed with negative implications on June 20, 2008. At the same time, we lowered the counterparty credit rating on FCE Bank PLC, Ford Credit's European bank, to 'B' from 'B+', maintaining the one-notch rating differential between FCE and its parent. The rating outlook on all entities for the next year is negative. We also lowered the issue-level ratings on Ford's $18.5 billion secured bank facilities and revised the recovery ratings on this debt. The issue-level ratings were lowered to 'B-', equal to

  
Report Type:

Research Update

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. "Research Update: Ford, Ford Credit Downgraded, Off Watch As Cash Losses Mount In North America; Otlk Negative" Jul 31, 2008. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ford-Ford-Credit-Downgraded-Off-Watch-As-Cash-Losses-Mount-In-North-America-Otlk-Negative-662654>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Ford, Ford Credit Downgraded, Off Watch As Cash Losses Mount In North America; Otlk Negative Jul 31, 2008. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ford-Ford-Credit-Downgraded-Off-Watch-As-Cash-Losses-Mount-In-North-America-Otlk-Negative-662654>
  
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