Research Update: Ford Motor Co. Corp. Credit Rating Lowered To 'SD' (Selective Default) On Completion Of Tender Offers; Debt Rtgs To 'D' - S&P Global Ratings’ Credit Research

Research Update: Ford Motor Co. Corp. Credit Rating Lowered To 'SD' (Selective Default) On Completion Of Tender Offers; Debt Rtgs To 'D'

Research Update: Ford Motor Co. Corp. Credit Rating Lowered To 'SD' (Selective Default) On Completion Of Tender Offers; Debt Rtgs To 'D' - S&P Global Ratings’ Credit Research
Research Update: Ford Motor Co. Corp. Credit Rating Lowered To 'SD' (Selective Default) On Completion Of Tender Offers; Debt Rtgs To 'D'
Published Apr 06, 2009
918 words — Published Apr 06, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On April 6, 2009, Standard&Poor's Ratings Services lowered its corporate credit and other ratings on Ford Motor Co., reflecting the completion of tender offers for Ford debt. We lowered the corporate credit rating to 'SD' (selective default) and certain issue ratings to 'D' (see list below). The rating actions today are consistent with our previously published intentions. As we stated previously, we consider the completion of the tender offers to be distressed exchanges and, as such, are tantamount to defaults under our criteria. For further details, please see our bulletin of March 23, 2009, "Ford Motor Co. Provides Status Update On Debt Exchanges; Ratings Unaffected For Now" on RatingsDirect. We expect to assign a new corporate credit rating

  
Brief Excerpt:

RESEARCH Research Update: Ford Motor Co. Corp. Credit Rating Lowered To '##' (Selective Default) On Completion Of Tender Offers; Debt Rtgs To 'D' Publication date: 06-Apr-2009 Primary Credit Analysts: Robert Schulz, CFA, New York...

  
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 Motor Co. Corp. Credit Rating Lowered To 'SD' (Selective Default) On Completion Of Tender Offers; Debt Rtgs To 'D'" Apr 06, 2009. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ford-Motor-Co-Corp-Credit-Rating-Lowered-To-SD-Selective-Default-On-Completion-Of-Tender-Offers-Debt-Rtgs-To-D-714130>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Ford Motor Co. Corp. Credit Rating Lowered To 'SD' (Selective Default) On Completion Of Tender Offers; Debt Rtgs To 'D' Apr 06, 2009. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ford-Motor-Co-Corp-Credit-Rating-Lowered-To-SD-Selective-Default-On-Completion-Of-Tender-Offers-Debt-Rtgs-To-D-714130>
  
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