UPDATE 3-Ford Motor Credit sells $1 bln 10-year notes

Newswire

(Recasts to reflect sale; adds pricing information) By Dena Aubin NEW YORK, Nov 17 (Reuters) - Ford Motor Co.'s finance arm sold $1 billion of 10-year notes on Monday, taking advantage of strong demand after winning a stable rating outlook from a leading rating agency last week. The issue came days after Standard & Poor's cut its ratings on Ford to the lowest investment grade but indicated the auto giant would not likely be downgraded again for the next two years. "Sentiment is ...

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