Ford Stock Junk Status
The automaker s stock fell 0 1 in afternoon trade.
Ford stock junk status. The credit ratings agency cited ford s weak financial outlook as the detroit based company. The rating outlook is negative which suggests a downgrade into junk status is more likely than an upgrade. 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. But are the concerns justified and what does this mean for ford investors.
Ford s stock fell about 3 after moody s note was released. Ford stock will feel the impact of s p s move to downgrade ford to junk status. 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. Moody s the credit ratings agency just downgraded ford s credit rating to junk status on monday.
It could get worse as coronavirus hammers new car sales. Moody s downgraded ford s credit to junk monday evening.
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