Republican Gov. Rick Snyder said positive feedback from rating agencies “sends a clear message that Michigan is on the right track and moving forward.”
Ford’s credit rating was lifted to within one level of investment grade Friday, making it cheaper for the automaker to borrow, after it secured a new contract with workers.
Moody’s Investors Service has downgraded Lansing’s credit rating.
Credit companies are looking favorably at Ford’s new deal with the UAW.