Monday, July 03, 2006
Ford Credit Rating falls again.
Ford has had its credit rating downgraded yet again plunging the troubled carmaker further into junk status.
Standard & Poor’s, the credit rating agency, lowered Ford’s rating one notch to B+ amid concerns over the carmaker’s ability to stem market share losses and the viability of its recovery plan.
S&P's credit analyst Robert Schulz said: “The downgrade reflects our view that 2006 will be a more difficult year for Ford than previously anticipated.”
DATED: 03.07.06
FEED: MT
Standard & Poor’s, the credit rating agency, lowered Ford’s rating one notch to B+ amid concerns over the carmaker’s ability to stem market share losses and the viability of its recovery plan.
S&P's credit analyst Robert Schulz said: “The downgrade reflects our view that 2006 will be a more difficult year for Ford than previously anticipated.”
DATED: 03.07.06
FEED: MT
