Fitch ups Ford's rating on global recovery view

Newswire

NEW YORK, April 29 (Reuters) - Fitch Ratings raised Ford Motor Co's debt rating by one notch to B with a positive outlook on Thursday on the expectation that the automaker's credit quality will improve as the global economy recovers. Fitch upgraded the issuer default ratings for Ford and its finance subsidiary, Ford Motor Credit Co., to B, the fifth-highest junk rating, from B-minus. Ford Credit's outlook is also positive, Fitch said in a statement. Fitch said the upgrades reflect its ...

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