TEXT-S&P cuts nine Ford-related deals

Newswire

(The following statement was released by the ratings agency) Nov 25 - Standard & Poor's Ratings Services today lowered its ratings on nine Ford Motor Co.-related transactions and removed them from CreditWatch, where they were placed with negative implications on Oct 14, 2008 (see list). The rating actions reflect the Nov. 20, 2008, lowering of the long-term corporate credit and senior unsecured debt ratings on Ford Motor Co. (Ford; CCC+/Negative/NR) and its related entities, and ...

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