NEW YORK, Nov 14 (Reuters) - Fitch Ratings on Friday affirmed its ratings on Ford Motor Co., its finance arm and related entities, but said the outlook remains negative as competition continues to affect pricing and margins.
Fitch affirmed Ford and Ford Motor Credit Co.'s senior long-term debt ratings of "BBB-plus," the third-lowest investment grade, and a commercial paper rating of "F2."
"This affirmation reflects Ford's very high level of liquidity, offset by relentless competitive pressures which continue to affect pricing and margins," Fitch said in a release.