UPDATE 2-Major agencies cut Ford's unsecured debt rating

Newswire

(Adds Standard & Poor's rating action, recasts lead) NEW YORK, Nov 27 (Reuters) - All three major credit-rating agencies on Monday cut their senior unsecured debt ratings on Ford Motor Co. , citing the automaker's plans to raise $18 billion in debt financing, much of it secured by Ford's assets. Ford said on Monday the financing will help address its negative operating cash flow, fund its restructuring and boost liquidity. Moody's cut Ford's senior unsecured debt rating by one ...

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