Dominion Rating may downgrade Ford, Ford Credit

Newswire

NEW YORK, Nov 27 (Reuters) - Dominion Bond Rating Service said on Monday it may downgrade debt ratings on Ford Motor Co. and its financing arm, saying the company's new financing plans will increase leverage and reduce financial flexibility. "The action implies that the company expects to incur large deficits in free cash flow in the next few years while it executes the 'Way Forward' plan," the rating agency said in a statement. "The company is taking a precautionary step of adding ...

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