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S&P Raises Ford Credit Rating
Standard & Poor’s Ratings Services has raised its credit rating for Ford Motor Co. one notch to BBB, which is two levels above the firm's lowest investment grade.
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Standard & Poor’s Ratings Services has raised its credit rating for Ford Motor Co. one notch to BBB, which is two levels above the firm's lowest investment grade.
S&P’s upgrade cites Ford’s “positive fundamentals” and says the company appears well positioned to sustain operating margins over the next two years. The firm notes Ford successfully launched 16 new models in 2015 and predicts similar momentum this year, when another 12 models will debut.
Last month Moody’s Investors Service upped its rating for Ford one notch to Baa2, also two levels above junk status.
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