Lehman: Moody's/Fitch to keep Ford high grade in 05

Newswire

NEW YORK, May 23 (Reuters) - Lehman Brothers expects Moody's Investors Service and Fitch Ratings to keep Ford Motor Co.'s debt ratings at investment grade status at least through 2005 despite recent downgrades and negative outlooks by the three main ratings agencies. Ford's debt ratings have fallen as the automaker has faced competition from foreign automakers, declines in SUV and light truck sales and costly health care benefits. Standard & Poor's currently rates Ford's bonds junk ...

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