Research View: Rating Action: Moody’s downgrades Ford ratings to Baa3; outlook is negative
DETROIT — Roughly six years after Ford Motor Co. returned to investment grade and reclaimed its mortgaged Blue Oval, the automaker is once again in danger of plunging into junk bond status.
Moody’s Investors Service on Wednesday downgraded Ford to Baa3 from Baa2, a move the credit agency telegraphed earlier this year when it changed its rating outlook on Ford to “negative” from “stable.
Moody’s