Moody's lifts Ford

Moody's Investors Service said it upgraded the ratings of Ford Motor Co. and Ford Motor Credit Co.

The agency said that affected ratings include Ford's corporate family rating and probability of default rating to B1 from B2, secured credit facility to Ba1 from Ba2, senior unsecured debt to B2 from B3, and trust preferred to B3 from Caa1.

The speculative-grade liquidity rating remains at SGL-2.

Also raised are Ford Credit's corporate family rating and senior debt rating to Ba3 from B1, the agency added.

The outlook is stable.

Moody's said that the upgrade of Ford's long-term ratings anticipates that the company's restructured business model, supported by recovering demand in the U.S. market, will generate significantly improved operating and financial performance.

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