Moody's cuts Ford's senior unsecured debt rating

Newswire

NEW YORK, Nov 27 (Reuters) - Moody's Investors Service on Monday cut its senior unsecured debt rating on Ford Motor Co. , saying the automaker's new financing plan will leave fewer assets available to protect the debt of the unsecured creditors. Ford said on Monday it plans to obtain about $18 billion of financing to address its negative operating cash flow, fund its restructuring and boost liquidity. Much of the debt will be secured by liens on Ford's assets. Moody's cut Ford's senior ...

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