TEXT-S&P: Ford Motor unaffd by $1.88 bln Volvo sale


(The following statement was released by the rating agency) March 29 - Standard & Poor's Ratings Services said today that Ford Motor Co.'s (B-/Stable/--) announcement that it has reached a definitive agreement to sell Volvo Car Corp. and related assets to Zhejiang Geely Holding Group Co. Ltd. (unrated) will not affect the corporate credit rating on Ford and related entities. Ford said it anticipates closing in third-quarter 2010 and stated that the purchase price is $1.8 billion, of ...

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