Ford Stock Junk Status
The rating outlook is negative which suggests a downgrade into junk status is more likely than an upgrade.
Ford stock junk status. Moody s the credit ratings agency just downgraded ford s credit rating to junk status on monday. Moody s downgraded ford s credit to junk monday evening. It said the automaker faces considerable business challenges and its poor financial performance badly positions ford to take on its. The credit ratings agency cited ford s weak financial outlook as the detroit based company.
Ford s stock fell about 3 after moody s note was released. The act of dropping ford s credit rating to junk status. It could get worse as coronavirus hammers new car sales. Ford stock will feel the impact of s p s move to downgrade ford to junk status.
Ford s credit rating cut to junk status by s p global the coronavirus pandemic dealt a blow to the company but it wasn t the first and may not be the last. Stock advisor launched in february.
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