S&P: Ford unaffected

Standard & Poor's said ratings and outlook on Ford Motor Co. and Ford Motor Credit Co. (both B/stable/B-3) were not affected by Ford's plans to sell its Jaguar and Land Rover units to Tata Motors Ltd. (BB+/Watch negative) for $2.3 billion.

According to S&P, the sale will bolster Ford's adequate liquidity and there is insignificant risk in Ford's plans to temporarily provide components and technologies to Jaguar and Land Rover as well as provide financing to dealers and customers for up to a year.

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