On Nov. 19, 2007, Standard&Poor's Ratings Services affirmed its 'B' corporate credit rating and other ratings on Ford Motor Co. and Ford Motor Credit Co. and removed them from CreditWatch with positive implications, where they were placed Sept. 26, 2007. The outlook is stable. The CreditWatch placement resulted from the announcement that General Motors Corp. (GM) had reached a contract agreement with its main labor union, the United Auto Workers (UAW), on that day and we expected Ford to reach a similar agreement. As we expected, Ford reached a largely similar agreement that caused us to review the company's rating and outlook. Ford's contract was ratified by UAW members last week. The rating affirmation reflects our view that
