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Ford CFO Bob Shanks discusses the update to Investment Grade by Fitch, click here to watch.

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 Ford Returned to Investment Grade by Fitch

DATE: Will be calculated from "Release Start Date" field.

CHICAGO - Fitch Ratings has upgraded the Issuer Default Ratings (IDRs) for Ford Motor Company and its Ford Motor Credit Company LLC captive finance subsidiary to 'BBB-' from 'BB+'. The Rating Outlook for both Ford and Ford Credit is Stable. Click here to view the full release from Fitch.​

“We are very pleased with today’s decision by Fitch.  It is an important proof point of the continued progress the Ford team is making with our One Ford plan.  Moving forward, we will continue to focus on driving profitable growth for all of our stakeholders. In fact, our One Ford plan includes achieving strong investment grade ratings and maintaining investment grade throughout an economic cycle," said Bob Shanks, executive vice president and chief financial officer, Ford Motor Company.

Ford: Junk No More After Fitch Rating Upgrade  
(Forbes) The recovery of the U.S. automotive industry got another shot in the arm Tuesday, when Fitch Ratings hiked its rating on Ford Motor and its credit arm to investment grade.

Fitch Restores Ford Credit to Investment Grade
(Associated Press) The Fitch Ratings agency lifted Ford's credit rating from junk status to investment grade Tuesday, a sign that the company's recovery from near collapse is almost complete.

Ford Credit Swaps Drop Most in Five Months After Fitch Upgrade
(Bloomberg) The cost to protect against a default by Ford Motor Co. (F) dropped the most since November after Fitch Ratings raised the automaker’s credit ratings to investment grade.

  

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4/24/2012 8:00 AM