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Ford upgrade?
S&P sees potential Ford upgrade, but risks remain
Posted Tuesday, Jul 28, 2009, 3:17 pm in Employee News
Standard & Poor’s on Monday changed its rating outlook on Ford Motor Co. to developing from negative, saying it may raise Ford’s rating if losses continue to abate, though the risk of a downgrade is also significant, Reuters reported.
“There is now potential for us to raise Ford’s ratings in the next year or so,” S&P said in a statement, citing early signs of progress in reducing cash use and stabilizing its market share. A developing outlook means a rating may be raised, lowered or affirmed, the story said.
The rating could be upgraded if cash use and losses from global automotive operations continue to decline, leaving a cash balance of at least $15 billion, and the company improves its capital structure and copes successfully with global competition, the S&P said. S&P has raised Ford’s rating only once since December 1999, the story said. (Reuters)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
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