E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/3/2012 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

S&P: Ford unaffected

Standard & Poor's said Ford Motor Co.'s announcement regarding a voluntary safety recall of 2013 SE and SEL model Ford Escape and Fusion vehicles equipped with the 1.6-liter engine has no immediate effect on the rating or outlook on Ford.

The potential for engine fires in those specific engines does not affect 2013 Escape or 2013 Fusion models with other engines.

The agency said the preliminary view is that this event is more likely to be a challenge to Ford's improved standing with consumers than a major financial cash cost.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.