Ford needs help... "Moody's has lowered Ford's
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Posted On: 08/30/2018 7:39:06 AM
Ford needs help...
"Moody's has lowered Ford's (NYSE:F) credit rating to one notch above junk bond status, and warned of further downgrades if it doesn't make "clear progress" on its $11B turnaround plan. The second-largest U.S. auto manufacturer faces weakening profit margins in North America, a retrenching business in China, and losses in South America and Europe."
"Moody's has lowered Ford's (NYSE:F) credit rating to one notch above junk bond status, and warned of further downgrades if it doesn't make "clear progress" on its $11B turnaround plan. The second-largest U.S. auto manufacturer faces weakening profit margins in North America, a retrenching business in China, and losses in South America and Europe."
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