Stacy94PGT

S&P may still cut Ford's debt rating

Reuters

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.

__________________
Stacy94PGT
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.....

markhutch

There are many financial experts that don't think GM or Ford are going to survive without bankruptcy protection and the folks holding bonds are at the most risk follow by the stockholders. I wouldn't feel comfortable right now buying shares in any of the big three auto companies.