TEXT-Fitch raises Ford Motor Co and Ford Motor Credit =2

Newswire

The revolver repayment was largely funded using the company's existing cash balance and was offset slightly by $300 million in new Department of Energy loans. However, with the revolver repayment, Ford's liquidity has been enhanced, as the company retains the ability to re-borrow the freed-up revolving credit capacity, and Ford's substantial cash position reduces the likelihood the company will need to dip into its revolver again in the near term. In addition, Ford has managed the growth ...

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