Ford Stock Junk Status
Ford s stock fell about 3 after moody s note was released.
Ford stock 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. Ford stock will feel the impact of s p s move to downgrade ford to junk status. The credit ratings agency cited ford s weak financial outlook as the detroit based company. But are the concerns justified and what does this mean for ford investors.
It could get worse as coronavirus hammers new car sales. Stock advisor launched in february. The automaker s stock fell 0 1 in afternoon trade. It said the automaker faces considerable business challenges and its poor financial performance badly positions ford to take on its.
Moody s downgraded ford s credit to junk monday evening. F stock went into reverse as its bonds were labelled junk by a ratings agency the decision by moody s to downgrade ford s credit rating is comparable to what happens to a.
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