US:S&P may still cut Ford's debt rating
S&P may still cut Ford's debt rating
NEW YORK -- Standard & Poor's on Tuesday said it may still cut its ratings on Ford Motor Co. and its finance arm, citing concerns about the automaker's ability to turn around its North American operations.
Ratings on the automaker could be lowered more than one notch, S&P said. Ford and its finance arm had total consolidated debt of about $142 billion at the end of September.
S&P said it may cut Ford's "BB-plus," rating, the highest junk rating, and its "B-1" short-term rating.
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.....