Moody’s cuts Ford Credit de Mexico

Moody’s Investors Service said it downgraded Ford Credit de Mexico, SA de CV, backed long-term global local currency senior unsecured debt rating to Ba1, from Baa3, and its backed long-term Mexican national scale senior unsecured debt rating to A1.mx, from Aa3.mx.

This rating action follows a downgrade by Moody’s on Ford Motor Credit Co. LLC's (senior unsecured rating of Ba1, stable outlook) ratings on Sept. 9, which, in turn, follows the downgrade of FMC's parent, Ford Motor Co., Moody’s said.

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