Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.