Ford yanked to junk by Moody’s, sounding alarm to triple-B crowd
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Ford yanked to junk by Moody’s, sounding alarm to triple-B crowd

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Moody’s slashed Ford’s rating from Baa3 to Ba1 on Monday, placing the company in precarious crossover territory, with S&P and Fitch holding the firm at BBB with negative outlook. Other falling angels may land in the junkyard soon as the triple-B sector has ballooned to record levels.

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