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Ford just got its investment-grade bond rating back from Moody's Investors Service in May, and the The Detroit News reports that the company has sold $1.5 billion worth of benchmark bonds in its first sale since getting its status upgraded. The five-year notes offer performance of 230 basis ...
Moody's upgraded Ford's credit rating to investment grade today, the final step for the company to be able to reclaim its Blue Oval. Ford had offered its globally recognized trademark as part of a 2006 loan package. According to the Detroit Free Press, the collateralized logo and the rest of ...
No doubt Ford has seen the light shining at the end of its turnaround plan for a while, but now The Blue Oval is getting so close to the daylight it might even be able to smell the fresh air. By the end of 2005, Ford bonds were rated so low by the three major ratings agencies they was floating in ...