Ford yanked to junk by Moody’s as restructuring raises concerns

Ford badge 230x
By Karoliina Liimatainen
10 Sep 2019

Moody’s slashed Ford’s rating from Baa3 to Ba1 on Monday, placing the company in precarious crossover territory, as the other agencies have the firm on negative outlook. Other falling angels may land in the junkyard soon.

Shares in the grand old car giant fell 3% on the news. In fixed income, Ford's $1.5bn bond due in 2026 was Tuesday’s biggest loser, dipping slightly below par to 99.6 cents on the dollar, according to MarketAxess. Another issue, a $600m floating rate bond due in ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.