It gives Ford a 'negative' outlook, citing the difficulty of executing its restructuring plan.
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 Fod's assets and intellectual property would not return to the automaker until it achieved an investment-grade credit rating with at least two of the thr
Credit rating agency Moody's is said to be considering another downgrade of General Motors' debt rating, which is already languishing six levels below junk-bond level. The potential move is said to be a reaction to GM's latest move to replace a $5.6B line of credit, which may require GM to pledge some of its assets to secure. Such a move would result in fewer assets available to unsecured creditors in the event of a bankruptcy.