Moody’s downgraded Ford to the highest junk rating, Ba1
3 replies (most recent on top)
@2url+15fNUn1G Not the OP, but Moody’s did further downgrade Ford to ba2. You can read all the details on Moodys.com. Negative outlook, speculative grade liquidity. You might not like the facts, but insulting others won’t change the fact that Ford is in a very precarious position. The only auto manufacturer in a worse position is Nissan. Ford would of achieved further downgrades without the pandemic. The pandemic just lowered the water and exposed the rocks a few months earlier.
May 27, 2020 · New York, May 27, 2020 – Moody's Investors Service, ("Moody's") confirmed the Ford Motor Company's (Ford) corporate family rating (CFR) and senior unsecured debt ratings at Ba2; the outlook is negative. The Speculative Grade Liquidity rating is unchanged at SGL-1.
mo–n, THAT ARTICLE WAS BACK IN 2019.
ALTHOUGH.... WITH PANDEMIC... I FORESEE ADDITIONAL DOWNGRADES.
Well.... now the junk rating matches their junk vehicles.