Research Update: Ford Motor Co. And Subsidiary Ratings Affirmed; Outlook Revised To Positive On Improved Cash Flow Prospects In 2022-2023 - S&P Global Ratings’ Credit Research

Research Update: Ford Motor Co. And Subsidiary Ratings Affirmed; Outlook Revised To Positive On Improved Cash Flow Prospects In 2022-2023

Research Update: Ford Motor Co. And Subsidiary Ratings Affirmed; Outlook Revised To Positive On Improved Cash Flow Prospects In 2022-2023 - S&P Global Ratings’ Credit Research
Research Update: Ford Motor Co. And Subsidiary Ratings Affirmed; Outlook Revised To Positive On Improved Cash Flow Prospects In 2022-2023
Published Nov 18, 2021
10 pages (4376 words) — Published Nov 18, 2021
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

With ongoing cost reduction and improvement in volumes, Ford Motor Co.'s earnings and cash flow for 2022 and 2023 should be better than our prior forecasts. We revised our outlook on Ford and its subsidiary Ford Motor Credit Co. LLC (Ford Credit) to positive from negative and affirmed our 'BB+' issuer ratings on both companies. The positive outlook reflects the increased likelihood that we could consider an upgrade within the next 12 to 18 months given its improved track record of operational execution supporting healthier free cash flow and strong liquidity amid supply bottlenecks and inflationary conditions. The company's recent launches in North America (including the all-electric Mustang Mach E, the 2021 F-150 Super Duty, and the Bronco Sport) went

  
Brief Excerpt:

...- With ongoing cost reduction and improvement in volumes, Ford Motor Co.'s earnings and cash flow for 2022 and 2023 should be better than our prior forecasts. - We revised our outlook on Ford and its subsidiary Ford Motor Credit Co. LLC (Ford Credit) to positive from negative and affirmed our '##+' issuer ratings on both companies. - The positive outlook reflects the increased likelihood that we could consider an upgrade within the next 12 to 18 months given its improved track record of operational execution supporting healthier free cash flow and strong liquidity amid supply bottlenecks and inflationary conditions....

  
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 Subsidiary Ratings Affirmed; Outlook Revised To Positive On Improved Cash Flow Prospects In 2022-2023" Nov 18, 2021. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ford-Motor-Co-And-Subsidiary-Ratings-Affirmed-Outlook-Revised-To-Positive-On-Improved-Cash-Flow-Prospects-In-2022-2023-2758541>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Ford Motor Co. And Subsidiary Ratings Affirmed; Outlook Revised To Positive On Improved Cash Flow Prospects In 2022-2023 Nov 18, 2021. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ford-Motor-Co-And-Subsidiary-Ratings-Affirmed-Outlook-Revised-To-Positive-On-Improved-Cash-Flow-Prospects-In-2022-2023-2758541>
  
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