UPDATE 1-S&P, Moody's rate Ford's new credit line

Newswire

(Adds Moody's rating, quotes) NEW YORK, Nov 29 (Reuters) - Standard & Poor's and Moody's Investors Service on Wednesday assigned bank loan ratings for Ford Motor Co.'s new $15 billion senior secured credit line. Ford on Monday announced an $18 billion financing plan that includes about $8 billion in secured revolving credit to replace an existing $6.3 billion unsecured credit line; about $7 billion in secured loans; and about $3 billion in unsecured notes that can be converted into ...

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