Ford Teeters Toward Junk With Moody's
I had no idea. Every time I drive all I see is Ford Pick Ups and they cost a fortune!!!
"Ford Motor Co.’s credit rating was cut to one notch above junk by Moody’s Investors Service, adding to the car company’s woes after it embarked on a costly restructuring that could take years to complete.
Moody’s downgraded Ford to Baa3 from Baa2 with a negative outlook, it said in a report Wednesday. The ratings company cited erosion in Ford’s “global business position and the challenges it will face implementing” its restructuring effort that could rack up $11 billion in the next three to five years.
Business
Ford Teeters Toward Junk With Moody's Warning of Restructuring Risks
By Natasha Rausch and Keith Naughton
August 29, 2018, 2:26 PM CDT Updated on August 29, 2018, 3:17 PM CDT"
Bloomberg
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