ASSET-BACKED-Ford Motor Credit boosts sale, market reopens

Newswire

By Walden Siew NEW YORK, July 28 (Reuters) - Ford Motor Credit upsized and sold the first ABS deal since new financial rules last week temporarily closed the market for issuers. Ford Motor Credit, a unit of Ford Motor Co , priced $1.387 billion late on Tuesday, boosting a planned $1.08 billion sale, according to the company's website. The automaker was one of at least three companies that pulled planned ABS deals last week after credit rating companies refused to let ABS issuers use ...

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