DBRS changes Ford Motor to positive

DBRS said it confirmed Ford Motor Co.’s long-term debt ratings at BBB (low) and Ford Motor Credit Co. LLC’s long- and short-term debt ratings at BBB (low) and R-3, respectively. (With respect to Ford Credit Canada Ltd., the long-term debt rating was confirmed at BBB (low) and the commercial paper rating was discontinued, with DBRS assigning a short-term debt rating of R-3.)

The trend on all the ratings was changed to positive from stable.

The actions reflect Ford’s solid financial risk profile and consistent profit and cash flow generation over the past five years. DBRS said it expects the company’s earnings momentum to persist going forward given its strong product cadence (with the revised F150 performing very well) amid material improvements in product quality.

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