S&P lifts Ford Motor to BB+

Standard & Poor's said it raised its corporate credit rating on Ford Motor Co. and Ford Motor Credit Co. LLC to BB+ from BB-. At the same time, S&P said, the agency removed the ratings from CreditWatch, where they were placed with positive implications on Sept. 29.

The outlook is stable.

S&P said it also raised the counterparty credit rating on FCE Bank plc, Ford Credit's European bank, to BBB- from BB, maintaining the one-notch rating differential between FCE and its parent.

"The upgrade reflects our view that, among other things, Ford's prospects for generating free cash flow and profits in its automotive manufacturing business remain intact, because of its cost base in North America," said S&P credit analyst Robert Schulz in a news release.

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