Fitch Upgrades Ford

More good news for Ford ($F):

Fitch Ratings upgraded Ford Motor Co to investment grade on Tuesday, marking a key step that brings the second-largest U.S. automaker closer to reclaiming its Blue Oval trademark.

Fitch upgraded Ford and its captive finance arm to “BBB-” from “BB+” to reflect the improvement in Ford’s finances since its near collapse in 2006. Ford has lowered its break-even point since the last recession and improved its vehicle lineup.

Still, the agency said Ford also faced the risk of slower-than-expected global demand for vehicles, particularly in Europe.

“Fitch believes that the work that has been accomplished has put the company in a solid position to withstand the significant cyclical and secular pressures faced by the global auto industry,” the credit ratings agency said in a release.

Earnings are due out on Friday.

Posted by on April 24th, 2012 at 10:49 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

Tickers: