S&P lifts Ford outlook

Standard & Poor's said it revised its outlook on Ford Motor Co. and Ford Motor Credit Co. LLC to positive from stable.

The agency said it affirmed its corporate credit ratings on the companies at BB+. The agency also revised the outlook on the counterparty credit rating on FCE Bank PLC to positive from stable and affirmed the BBB- rating.

"The outlook revision reflects, among other things, our view that Ford will act with increasing decisiveness and commitment to restructure Europe to profitability amid prospects for several more years of weak vehicle sales there," said S&P credit analyst Robert Schulz in a news release.

If S&P believes Ford is on track to be profitable in Europe, this would improve the balance of profitability across regions and support an investment-grade rating, the agency said.

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