Standard & Poor’s on Friday cut its ratings on the long-term debt of Ford Motor and its finance arm to just two notches above “junk” status, citing falling demand, market share, increased pricing pressure – and concerns about the automakers pension liability.
Ford Bonds Close To Junk Status, Says S & P
Standard & Poor's on Friday cut its ratings on the long term debt of Ford Motor and its finance arm to just two notches above "junk" status, citing falling demand, market share, increased pricing pressure and concerns about the automakers