Ford, Autos Head South In Tough Week

11 Jan 2008

Ford Motor Co. and other automobile industry companies were at the forefront of a downturn in the loan markets last week, with its term loan trading below 90, an ominous threshold, for the first time since its December 2006 inception.

Ford Motor Co. and other automobile industry companies were at the forefront of a downturn in the loan markets last week, with its term loan trading below 90, an ominous threshold, for the first time since its December 2006 inception. "Whenever [a loan] grabs an eight-handle it never ...

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