Not Ranked
S & P did affirm their bond rating but they are bordering on junk status. James Grant who runs the "Interest Rate Observer" has been negative on Ford and thinks the major rating agencies, such as S & P, would have downgraded them had their name not been Ford. The problem with Ford, and many of the other auto companies for that matter, is not so much product related, but their escalating pension/health care liabilities, which are in the billions.
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