Ford’s Credit Rating Improving

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.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.
Hump Day Drinks: 8 Cheery Cocktail RecipesNow that you've made it through half the work week, it's time to celebrate!

Watch & Listen