Moody’s Investors Service has upgraded ratings of Ford and its finance arm and said it may upgrade them again on expectations the company’s new business model will significantly boost performance.
The ratings firm upgraded several classes of the company’s debt.
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“Ford clearly has a much more robust and competitive business model that is capable of supporting significant improvement in performance over time,” said Bruce Clark, senior vice president of Moody’s, in a statement.
“The key issue we’re assessing is the degree to which this pace of improvement could be delayed by things like a slowdown in demand, or an escalating use of incentives by competitors.”
Moody’s predicts that it will further upgrade Ford at its next review, at which time it says it will take into account its product renewal cycle after 2011.
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