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Prospect News home > News index > List of issuers F > Headlines for Ford Motor Co. > News item
Published on 8/19/2008 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

DBRS confirms Ford

DBRS said it confirmed the ratings of Ford Motor Co., including Ford's issuer rating at B (low).

Ford Motor Credit Co. LLC and Ford Credit Canada Ltd.'s short- and long-term debt are confirmed at B and R-4, respectively, the agency said.

The trends are changed to negative.

DBRS said it has assigned recovery and instrument ratings to Ford's senior secured credit facilities and long-term debt of RR3/B (previously rated B (high), the new rating a result of the leveraged finance rating methodology and RR5/CCC (high), respectively.


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