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Moody's may cut Ford
Moody's Investors Service said it is reviewing the B3 corporate family rating and probability of default rating of the Ford Motor Co. for possible downgrade, and has lowered the company's speculative-grade liquidity rating from SGL-1 to SGL-3.
Moody's said it also downgraded the senior unsecured rating of Ford Motor Credit LLC to B2 from B1 and placed the ratings on review for further possible downgrade.
The review of Ford's rating is focusing on the degree to which the company can preserve adequate liquidity in the face of severely eroding demand, unfavorable mix shift, and tightening consumer credit conditions in the United States, the agency said.
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