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Ford investment ratings to go deeper into junk?

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1^# A A A Post at 7-11-2006 18:32 Show author

Ford investment ratings to go deeper into junk?

The number crunchers over at Moody's Investors Service has issued a warning that it is considering cutting Ford's investment rating for both the automaker itself and its Ford Credit arm again, which would throw both even deeper into junk territory. Officials referenced concern over high fuel prices and its affect on profit-center SUVs and pickups.

Analysts at Standard & Poor's have already announced that it is considering similar downgrades.

[Sources: Reuters; StillRuns.com]

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