Friday 10 April 2020
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businessmirror - 14 days ago

Ford becomes largest fallen angel after S P’s cut to junk

Ford Motor Co. was cut to junk by S #38;P Global Ratings as the coronavirus pandemic delivers a shock to the global auto industry and renders the carmaker the largest fallen angel to date. S #38;P downgraded Ford’s credit rating one notch to BB+ and may cut it further, according to a statement. The move follows Moody’s [ ]


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