Moody's upgrades Ford Credit de Mexico

Moody's de Mexico said it upgraded Ford Credit de Mexico SA de CV, Sofom ENR's long-term Mexican national scale debt rating to Ba1.mx from B1.mx and affirmed the short-term Mexican national scale debt rating of MX-4.

This concludes the review for possible upgrade initiated in November, and the outlook is now stable.

The upgrade follows the upgrade of parent company Ford Motor Credit Co. LLC's senior unsecured rating to B2 from B3.

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