TEXT-Fitch raises Ford Motor Co & Ford Motor Credit

Newswire

(The following statement was released by the rating agency) Fitch Ratings has upgraded the Issuer Default Ratings (IDRs) for Ford Motor Company (Ford) and its Ford Motor Credit Company LLC (Ford Credit) captive finance subsidiary to 'BB' from 'BB-'. The Rating Outlook for both Ford and Ford Credit is Positive. Ford's ratings reflect its continued strong financial performance and the substantial debt reduction accomplished in the fourth quarter, both of which outperformed Fitch's ...

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