Ford debt raised to investment grade by Moody's

[Tilted]

Congratulations to Ford Motor Company - way to do the right thing, make the needed adjustments, tough it out, and emerge stronger for it. At this point, Ford is the only American nameplate that I could, in good conscience, buy (not that I will ).

Ahead of the Bell: Ford Motor Co.

DETROIT - Shares of Ford Motor Co. rose slightly in premarket trading Wednesday, a day after the company won back its blue oval logo, factories and other assets that were pledged as collateral for a massive loan taken out last decade.

Moody's Investors Service raised Ford's debt ratings from junk to investment grade Tuesday for the first time in seven years. The upgrade means that all of Ford's U.S. assets are back in the company's hands and will no longer be used to secure its debt.

Ford needed investment-grade ratings from two of the three ratings agencies to get its assets back from a group of banks that held them. Fitch Ratings upgraded the company last month. Standard and Poor's has not yet upgraded Ford, and said in March that it didn't expect to change the company's ratings within the next year.

Moody's Upgrades Ford & Its Blue Oval Return - CNBC Video

 

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Congratulations to Ford Motor Company - way to do the right thing, make the needed adjustments, tough it out, and emerge stronger for it. At this point, Ford is the only American nameplate that I could, in good conscience, buy (not that I will ).

Ahead of the Bell: Ford Motor Co.



Moody's Upgrades Ford & Its Blue Oval Return - CNBC Video

I agree with you.
and on top of doing the right thing and making their own profit, they not only had to beat the other car companies in design and production, they had to beat those other car companies while they were using billions of tax dollars to fund their production.