S&P boosts Ford

Standard & Poor's said it has raised its corporate credit ratings on Ford Motor Co. and Ford Motor Credit Co. LLC to B- from CCC+, as well as the counterparty credit rating on FCE Bank plc, Ford Credit's European bank, to B from B-, maintaining the one-notch rating differential between FCE and its parent.

The outlook is stable.

"The upgrades reflect, among other factors, Ford's announcement of better-than-expected third-quarter results, including a return to positive free operating cash flow in its global automotive operations," said S&P credit analyst Robert Schulz.

"We have taken into account business risk considerations, including nascent signs of the market's improved perception of Ford's vehicles and its efforts to broaden its lineup of smaller, more fuel-efficient vehicles over the next few years," he continued.

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