Fitch Ratings has lowered its long-term credit rating for Ford Motor Company one level, from BBB+ to BBB, while maintaining a negative outlook.
Go deeper with GlobalData
The new rating is two levels above so-called “junk,” preserving investment grade status.
“While we’re disappointed, we appreciate that Fitch Ratings recognises our liquidity and substantial progress,” Ford responded in a statement.
“We recognise the challenges facing us and we are committed to overcoming them through the acceleration of our business plan.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
