Moody's ups Ford, Ford Motor; lowers Ford loan

Moody's Investors Service said it raised the senior unsecured ratings of Ford Motor Co. to Baa3 from Ba2 and Ford Motor Credit Co. LLC to Baa3 from Ba1.

Moody's withdrew Ford's corporate family rating, probability of default rating and speculative grade liquidity rating.

The agency lowered the rating of Ford's secured credit facility to Baa3 from Baa2 in anticipation of the imminent fall away of the bank agreement's security interest.

This fall away, which would be consistent with the facility's terms, would result in any outstandings being pari passu with Ford's other senior unsecured debt.

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