DBRS Releases Report on Ford Motor Company

DBRS has today released a report on Ford Motor Company (Ford or the Company) that provides further detail on the recent upgrade of the Company’s Issuer Rating to BB from BB (low) and of its Senior Secured Credit Facilities and Long-Term Debt to BBB (low) and B (high), respectively.

The ratings upgrade reflects the Company’s continuously improving performance, with Ford becoming significantly profitable from 2010 through the first half of 2011. The Company’s progress in its core North American market has been impressive amid industry conditions that, while improved vis-à-vis the recent automotive downturn, remain well below historical norms. Additionally, the Company’s financial profile continues to be restored; Ford has paid down substantial further industrial indebtedness, with the automotive segment having a net cash position of $8 billion as of June 30, 2011.

To obtain a copy of the report or the September 16, 2011, press release, please see the links under Related Research.