Ford’s Credit Rating Improving
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DEARBORN (WWJ) – Credit companies are looking favorably at Ford’s new deal with the UAW.
The ratings firm Moody’s says their initial assessment of the deal is it will allow Ford to maintain its operating flexibility, its fixed costs position and its break-even point.
And Moody’s is looking at improving Ford’s credit rating. However, the firm is waiting until the Ford contract is ratified before they make a final decision. The UAW wants to have the Ford ratification vote wrapped up by October 16th.
Moody’s has already raised GM’s credit rating. And, a better credit rating has been a goal of Ford, as it would allow the company to borrow money at a lower interest rate.