Written on Wed, 03/17/2010 - 2:31pm
By Chip Brian
3/17/2010- Moody's Investors Service on Wednesday raised Ford's (NYSE:F) corporate family rating to B2 from B3 and its secured credit facility to Ba2 from Ba3.
The rating service company said that the move is in anticipation that the automaker's restructured business will generate improved operating and financial results.
Senior vice president Bruce Clark said, "Ford clearly has a much more robust and competitive business model that is capable of supporting significant improvement in performance over time. 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."
