Transportation
Ford Is Hanging On to High-Grade Rating by a Thread, BI Says
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Ford Motor Co. has a “razor-thin” chance of keeping its investment-grade status at S&P Global Ratings, as tariff costs weigh on the carmaker’s profit margins, according to a report from Bloomberg Intelligence.
S&P will probably signal that it’s actively reviewing downgrading Ford to junk by putting the company on credit watch negative, according to BI’s credit research director Joel Levington. S&P rates Ford’s debt at BBB-, or one step above junk status. It’s also assigned a negative outlook to the grade, signaling it may downgrade the company over the medium-term.