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Tuesday, November 22, 2005

That's gotta hurt

Moody's may cut Ford ratings deeper Tuesday November 22, 5:52 PM EST By Dena Aubin

NEW YORK (Reuters) - Moody's Investors Service said on Tuesday it may cut its ratings on Ford Motor Co. (F) deeper into junk territory, citing sharply lower demand for the company's trucks and sport utility vehicles.

Moody's also said it may cut its ratings on Ford's finance arm, Ford Motor Credit, to junk status from investment grade. A downgrade to junk territory would eject Ford Credit from the widely followed Lehman Brothers credit index, limiting the investors who can buy its bonds and raising borrowing costs.

http://finance.myway.com/ht/nw/bus/20051122/hlm_bus-rob282310.html


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