Moody's upgrades Ford

Moody's Investors Service said it raised the corporate family ratings of Ford Motor Co. and Ford Motor Credit Co. to Ba1 from Ba2. Moody's said it also raised the ratings of Ford's secured credit facility to Baa2 from Baa3 and its senior unsecured debt to Ba2 from Ba3 and changed the company's speculative grade liquidity rating to SGL-1 from SGL-2.

The outlook for Ford and Ford Credit is positive.

Moody's said the upgrade reflects the company's strong position in North America and its ability to maintain a competitive and flexible cost structure as a result of the new four-year UAW labor agreement, and the resulting improvement in credit metrics.

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