Research Update: Ford Motor Co. And Ford Motor Credit Co. LLC Upgraded To 'BBB/A-2' From 'BBB-/A-3'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Ford Motor Co. And Ford Motor Credit Co. LLC Upgraded To 'BBB/A-2' From 'BBB-/A-3'; Outlook Stable

Research Update: Ford Motor Co. And Ford Motor Credit Co. LLC Upgraded To 'BBB/A-2' From 'BBB-/A-3'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Ford Motor Co. And Ford Motor Credit Co. LLC Upgraded To 'BBB/A-2' From 'BBB-/A-3'; Outlook Stable
Published Mar 11, 2016
11 pages (4681 words) — Published Mar 11, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect that Ford Motor Co. (Ford) will sustain its recent strong operational execution over the next two years and deliver increased pretax profits as it improves its competitive position amidst a somewhat slower global economic recovery (relative to our prior expectations). We are upgrading Ford Motor Co. and its subsidiary Ford Motor Credit Co. LLC (which we deem as a core subsidiary) to 'BBB/A-2' from 'BBB-/A-3'. At the same time, we are raising our issue-level ratings on Ford Motor Co.'s debt to 'BBB' from 'BBB-'. The stable outlook reflects our expectation that the company will maintain EBIT margins of 8%-10% in North America in 2016 and 2017, post a sustainable profit in Europe in 2016 (with positive cash flow

  
Brief Excerpt:

...We expect that Ford Motor Co. (Ford) will sustain its recent strong operational execution over the next two years and deliver increased pretax profits as it improves its competitive position amidst a somewhat slower global economic recovery (relative to our prior expectations)....

  
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:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Ford Motor Co. And Ford Motor Credit Co. LLC Upgraded To 'BBB/A-2' From 'BBB-/A-3'; Outlook Stable" Mar 11, 2016. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ford-Motor-Co-And-Ford-Motor-Credit-Co-LLC-Upgraded-To-BBB-A-2-From-BBB-A-3-Outlook-Stable-1595854>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Ford Motor Co. And Ford Motor Credit Co. LLC Upgraded To 'BBB/A-2' From 'BBB-/A-3'; Outlook Stable Mar 11, 2016. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ford-Motor-Co-And-Ford-Motor-Credit-Co-LLC-Upgraded-To-BBB-A-2-From-BBB-A-3-Outlook-Stable-1595854>
  
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