Ford Debt Ratings Are at Risk
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Leading credit-rating firms warned of more possible downgrades to Ford Motor Co.’s debt, moves that would cement its status as a “junk” credit, after the automaker slashed its 2005 profit forecast for the second time in two months.
Moody’s Investors Service, which rates Ford’s debt at the lowest investment-grade level, said it might cut Ford to junk status, leaving it with fewer avenues for raising money.
Standard & Poor’s said that it would take no immediate rating action but that it was more likely that the rating could fall.
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