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Moody’s downgrades Ford credit rating to junk status

Moody’s downgrades Ford credit rating to junk status

Moody’s Investors Service has downgraded Ford’s credit rating to junk status, citing expectations that the automaker will be weighed by weak earnings and cash generation. Ford responded to the downgrade saying its underlying business is strong and its balance sheet is solid. Moody’s added that it expects Ford’s restructuring to extend for several years.

Simone
Simone
Rhokanth
Rhokanth 1 year

Their stock will drop for a few weeks then pickup, good time to buy if it hits a low.

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