Ford Scores Second Credit Upgrade—This Time From S&P

S&P upgraded the automaker to BBB- from BB+ on Monday
Fitch was first rater to boost Ford’s rating in September

S&P Global Ratings raised the Dearborn, Michigan-based company’s rating to BBB- from BB+, the ratings firm said in a release Monday. — S&P Global Ratings raised the Dearborn, Michigan-based company’s rating to BBB- from BB+, the ratings firm said in a release Monday.
Photographer: Emily Elconin/Bloomberg

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By Josyana Joshua and Keith Naughton

October 30, 2023 at 9:35 PM UTC

Updated on

October 30, 2023 at 10:26 PM UTC

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Ford Motor Co. has received its second credit upgrade, marking the automaker’s return to investment-grade status after its downgrade to junk in 2020.

S&P Global Ratings raised the Dearborn, Michigan-based company’s rating to BBB- from BB+, the ratings firm said in a release Monday. The credit grader said the company’s margins will likely exceed expectations as part of the upgrade.