Ford Motor Company: Rating Report

Ratings

• Ford Credit Canada Company

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  17-May-21	Long-Term Debt (guar. by Ford Motor Credit Co.)	BB (high)	Stb	Trend Change, Confirmed	CA U E
  17-May-21	Short-Term Debt (guar. by Ford Motor Credit Co.)	R-4	Stb	Confirmed	CA U E

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• Ford Motor Company

  Date Issued	Debt Rated	Rating	Trend	Action	Recovery Rating	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  17-May-21	Issuer Rating	BB (high)	Stb	Trend Change, Confirmed		CA U E
  17-May-21	Long-Term Debt	BB (high)	Stb	Trend Change, Confirmed	RR4	CA U E
  17-May-21	Revolving Credit Facility	BB (high)	Stb	Trend Change, Confirmed	RR4	CA U E
  17-May-21	Senior Unsecured Convertible Debt	BB (high)	Stb	Trend Change, Confirmed	RR4	CA U E

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• Ford Motor Credit Company LLC

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  17-May-21	Long-Term Debt	BB (high)	Stb	Trend Change, Confirmed	CA U E
  17-May-21	Long-Term Issuer Rating	BB (high)	Stb	Trend Change, Confirmed	CA U E
  17-May-21	Short-Term Debt	R-4	Stb	Confirmed	CA U E

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