Home or
Site Layout or
Site Index or
Quick Jumps or
Search Engine Directory or
The Mart or
The Links or
Yahoo AutosAuto News, Analysis and EditorialFitch
Cuts Ford Debt, But Not to JunkBookmarking
Auto on Info pages
Home or
Site Layout or
Site Index or
Quick Jumps or
Search Engine Directory or
The Mart or
The Links or
Yahoo AutosAuto News, Analysis and EditorialFitch
Cuts Ford Debt, But Not to Junk
Links to Amazon.com
Visitor support makes this site possible. Please shop at Amazon.com via Auto on Info. Thank you. Auto Lit Consumer Reports magazine Consumer Reports Used Car Buying Guide 2005 Consumer Reports Buying Guide 2005 Mathematics and Statistics Time Series Analysis by James Douglas Hamilton The Analysis of Time Series: An Introduction, Sixth Edition by Chris Chatfield Equipping the Expedition North Face sleeping bags To view more outdoor equipment, icons, and search phrases, click here. Men's Watches Men's Watches by Boccia Titanium Men's Watches by Movado To view more men's watches, icons, and search phrases, click here. Auto on Info May 2005
Fitch Cuts Ford Debt, But Not to Junk
By James B. Bleeker
Fitch Ratings cut Ford Motor Company's long-term debt to BBB from BBB+. This leaves Ford's long-term debt two notches above junk, per Fitch. The following table depicts Fitch's and Standard & Poor's ratings of Ford and General Motors Corporation's long-term debt. For reference are the S&P ratings of some additional auto and auto component manufacturers.
S&P and Fitch Long-Term Debt Ratings as of May 25, 2005 Ratings Automobile Manufacturers Investment Grade Ratings AAA Toyota Motor Corporation AA+ AA AA- A+ Honda Motor Company A A- BBB+ BBB Ford Motor Company BBB- Junk Grade Ratings BB+ Ford Motor Company, General Motors Corporation BB General Motors Corporation BB- B+ B B- Delphi Corporation, Visteon Corporation CCC+ CCC CCC- D As S&P rates Ford's bonds as junk, they will be dropped from the Lehman Brothers Index for investment-grade debt as of June 1, per Lehman Brothers' current rules; however, as of July 1, when Lehman Brothers' new rules take effect, Ford's bonds will return to the Index, as two - Moody's Investors Service and Fitch - of the three major credit rating firms place the debt above junk. The old rules mandate a drop from the index when either Moody's or S&P rates an issuer's bonds junk; the new rules will require two of the three major credit rating firms to rate an issuer's bonds junk before expulsion.
Sources for Fitch rating cut: "Fitch Cuts Credit Ranking for Ford," the Associated Press, May 19, 2005, available at Yahoo! News and "Fitch Cuts Ford's Debt Rating," Reuters, Dena Aubin and Dan Wilchins, May 19, 2005, available at Yahoo! News
Source for Lehman Brothers' rules: "Fitch Downgrades GM Debt to Junk," Aparajita Saha-Bubna, Wall Street Journal, May 25, 2005, p. C5
Links to Amazon.com
Fine Women's Watches Women's Watches by Van Cleef and Arpels To view more women's watches, icons, and search phrases, click here. Fine Wallets for Men and Women Bosca wallets Jos. A. Bank wallets R.G. House of Florence wallets To view more fine wallets, icons, and search phrases, click here. Handbags Prada handbags Tocca handbags Ellington handbags To view more handbags, icons, and search phrases, click here. Fine Totes Tod's totes To view more fine totes, icons, and search phrases, click here. Tell your friends, colleagues, and coworkers, "I bought it at Amazon.com via Auto on Info."
Automotive News Menu Pages Auto Manufacturers: Toyota - Honda - Subaru - Nissan - Ford - Chrysler - General Motors - Volkswagen Topics: Reviews - Recalls - Safety Investigations - Safety Test Results - Automotive Excellence - Automotive Dishonor, Discredit, or Demerit - Lawsuits - Automotive Finances - Car and Truck Sales and Market Shares - Auto on Info
Search Engine Directory This table is provided primarily to give the visitor quick access to those search engines that site manager has found to be more consistently useful for information acquisition. For descriptions, strengths, weaknesses, comments, and other names and formats by which the following search engines are known, go to Search Engine Directory Page. Search Engines Yahoo! Teoma Wisenut DMOZ Gigablast Metasearch Engine
Product Search Engine
Comments: Shopping at Amazon.com via this link helps support this site.
Auto on Info Standings for Selected Search Phrases on Auto News
Site Rank in Results for Search Phrase Car Quality News Site Rank in Results for Search Phrase Auto Quality News Site Rank in Results for Search Phrase Auto News First by Yahoo! Search from 5,230,000 results First by Yahoo! Search from 3,510,000 results Thirty-ninth by Yahoo! Search from 37,600,000 results First by MSN Search from 1,110,112 results First by MSN Search from 716,283 results Fifteenth by MSN Search from 7,682,302 results Fifteenth by Google from 3,730,000 results Tenth by Google from 2,400,000 results Eightieth by Google from 7,450,000 results Standings are as of 14/03/2004.
| Visitor support makes this site possible. So please shop often via Auto on Info, and tell your friends, colleagues, and associates that you bought it "via Auto on Info." Thank you. | |||||||||||||||||||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||||||||||||||||
 |
 |
 |
 |
 |
 |
 |
 |
||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||
