Standard&Poor's Ratings Services derives its 'BBB-' corporate credit rating on Ford Motor Co. from: Our anchor of 'bbb-', based on our "satisfactory" business risk and "intermediate" financial risk profile assessments for the company. Our selection of a 'bbb-' anchor instead of 'bbb', based on our belief that the comparative strength of Ford's business risk profile is at the lower end of the "satisfactory" range largely because of the concentration of its profits in North America, particularly in the truck market. Other modifiers, which had no impact on the final rating outcome. Growing North American market that generates significant profits and cash flow; Sizable losses in European operations and only modest, though increasing, profits elsewhere outside of North America;
