UPDATE 3-Major agencies cut Ford's unsecured debt rating

Newswire

(Adds bond and credit default swap prices) 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 it launched the financing as a way to fund its negative operating cash flow and efforts to restructure the company it to return to profitability. Moody's cut Ford's senior unsecured ...

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