US HIGH YIELD-Ford's new debt boosts bondholder risks

Newswire

By Dena Aubin and Walden Siew NEW YORK, Nov 27 (Reuters) - Ford Motor Co.'s new $18 billion financing plan puts the No. 2 U.S. automaker on a different path from rival General Motors Corp., making asset sales less likely as Ford tackles its mounting need for cash. The new debt package will take advantage of a hot loan market for junk-rated companies and help Ford shore up liquidity and restructure its money-losing North American operations. In choosing more borrowings over asset sales, ...

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