Fitch affirms Ford, Hertz, units

Fitch Ratings said it affirmed the senior debt ratings of Ford Motor Co., Ford Motor Credit Co., Hertz Corp. and their respective subsidiaries at BBB+ and commercial paper at F2. The outlook remains stable.

Fitch affirmed Ford's senior debt at BBB+ and preferred stock at BBB-, Ford Motor Credit's senior debt at BBB+ and commercial paper at F2, FCE Bank plc's senior debt at BBB+ and short-term at F2, Ford Credit Canada Ltd.'s senior debt at BBB+ and commercial paper at F2, Ford Credit Australia Ltd.'s senior debt at BBB+ and commercial paper at F2, Ford Credit of New Zealand Ltd.'s senior debt at BBB+ and commercial paper at F2, Ford Capital BV's senior debt at BBB+, Ford Motor Credit of Puerto Rico Inc.'s commercial paper at F2, Ford Holdings Inc.'s senior debt at BBB+, Ford Motor Co. SA de CV's senior debt at BBB+ and short-term at F2, Primus Financial Services (Japan)'s senior debt at BBB+ and short-term at F2, The Hertz Corp.'s senior debt at BBB+ and commercial paper at F2, Hertz Canada Ltd.'s commercial paper at F2, Hertz Australia Pty. Ltd.'s commercial paper at F2 and Hertz Finance Centre plc's commercial paper at F2.

Fitch said almost three years into its revitalization plan, Ford continues to make progress in its operating profile, and with several important launches occurring, Ford remains on track to achieve further margin enhancement over the near term.

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