S&P may still cut Ford Motor Co's debt rating

Newswire

NEW YORK, Nov 29 (Reuters) - Standard & Poor's on Tuesday said it may still cut its ratings on Ford Motor Co. and its finance arm, citing concerns about the automaker's ability to turn around its North American operations. Ratings on the automaker could be lowered more than one notch, S&P said. Ford and its finance arm had total consolidated debt of about $142 billion at the end of September. S&P said it may cut Ford's "BB-plus," rating, the highest junk rating, and its "B-1" ...

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