Ford European auto ABS nears pricing as investors digest Moody's downgrade

Ford European auto ABS nears pricing as investors digest Moody's downgrade

Tom Brown

September 10, 2019 12:30 PM

Ford badge 230x — The reflection of a Ford Five Hundred is shown on the tail gate and badge of a F-150 truck at Bob Maxey Ford in Detroit, Tuesday, July 19, 2005. Ford Motor Co. said its profit fell 19 percent in the second quarter from a year ago, stung by lower production and intense competition in North America, where it lost more than $900 million. (AP Photo/Paul Sancya) | PAUL SANCYA/AP/Press Association Images

Moody's has downgraded the senior unsecured rating of Ford Motor Credit Company from to Ba1 from Baa3 just as the company looks to price an auto ABS deal via its European finance arm, FCE Bank.

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Topics

Santander Lloyds Bank BNP Paribas ABS Securitization UK Europe EMEA NatWest Markets

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Tom Brown