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.
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