S&P: Ford outlook positive

Standard & Poor's said it revised the outlook on Ford Motor Co. to positive from stable and affirmed its B- corporate credit rating.

The outlook revision follows Ford's profitable first-quarter results, including an 8.9% pretax margin in its North American automotive operations, according to the agency.

Ratings reflect Ford's substantial liquidity and better-than-expected results in the last few quarters of 2009, the agency said.

Ford's business risk profile is still seen as vulnerable and its financial risk profile as highly leveraged, the agency noted.

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