Ford Motor (NYSE:F) Receives Upgrades From 2 out of 3 Ratings Agencies – F, XRX, KFT,KO
Ford Motor Company (NYSE:F) reported that it has received increased debt rating to investment-grade form credit rating agency Moody’s after seven years. That mean all of Ford’s U.S. assets, including plants, the blue oval and the trademarks for the F-150 pickup and Mustang sports car, are recap in the corporation’s hands and will no longer be used to secure the firm’s debt.
Ford wanted investment-grade ratings from 2 of the 3 ratings agencies to receive its assets reverse from a group of banks that detained them. Fitch Ratings increased its rating for the firm previous month. Standard and Poor’s has not yet increased its rating for Ford, and it declared in March that it did not anticipate to change Ford’s ratings within the coming year.
Ford not at all stopped utilizing its logo or plants, but reported them as collateral in 2006 in order to obtain a $23.5 billion loan and avoid bankruptcy.
As a short look on the financial side shares of Ford Motor Company (NYSE:F) increased 1.57% to the trading at $10.35. NYSE:F is going forward its 52 week low with 15.73% and lagging behind from its 52 week high price with -29.84%.
The overall volume in the current trading session was 15.84 million shares. In its share capital F has 3.82 billion outstanding shares amid them 3.73 billion shares have been floated in market exchange. NYSE:F associated with S&P 500 index with 164,000 employees.
Stocks association with consumer goods sector and auto manufacturers industry, amid leading consumer goods stocks, gains came from Xerox Corporation (NYSE:XRX) dropped -1.25%, Kraft Foods Inc (NYSE:KFT) plummeted -0.85% and The Coca-Cola Company (NYSE:KO) tumbled -0.34%.