Moody's changes Ford outlook to stable

Moody's Investors Service said it affirmed Ford Motor Co.'s Ba2 senior unsecured rating and corporate family rating. The outlook was changed to stable from negative.

“The change in outlook to stable reflects Ford's record of managing through the Covid-induced impact on auto sales and production volumes by having a strong liquidity position, and Moody's expectation that Ford's robust new product launches this year and progress in its 'redesign' initiatives will enable Ford to be on a cadence of improving consolidated EBITA margin to exceed 3% by the latter part of 2022,” Moody’s said in a news release.

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