TEXT-S&P: Ford ratings unaffected by draw, Q4 loss

Newswire

(The following statement was released by the rating agency) Jan 29 - Standard & Poor's Ratings Services said today that its ratings on Ford Motor Co. (CCC+/Negative/--) and related entities are not affected by Ford's announcement that it plans to immediately draw nearly all of its $10.6 billion revolving credit facility. In our view, the action does not reflect an imminent danger of Ford's cash balances falling to dangerously low levels. However, it is consistent with our previously ...

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