Join Date: Feb 2001
Location: The Hills of North Georgia,USA
U.S.A.:S&P says Ford's rating outlook remains stable
Reuters / January 23, 2004
NEW YORK -- Standard & Poor's on Friday said its outlook on No. 2 automaker Ford Motor Co. remains stable despite difficult industry fundamentals and that a downgrade is not likely over the next several years.
Even if expected earnings improvements fail to materialize, Ford's ratings are not likely to be changed as long as automotive profits and cash flow do not deteriorate significantly from expected full-year 2003 levels, S&P said in a statement.
S&P rates Ford and its finance arm "BBB-minus," one notch above junk.
Ford on Thursday had reported a wider net loss for the fourth quarter as the cost of job cuts in Europe and a restructuring of its spinoff deal with former parts arm Visteon Corp. offset improved finance and automotive results.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....