Moody’s downgrades Ford Motor to Junk

The car manufacturer has too much corporate debt. Surviving the financial crisis without a “government exit”, the company has accumulated enormous debt to maintain a top rating. It was the rating agency that lowered the company rating to Junk.

Ford Motor is down 3% in the after-market session, but the company’s 30-year bonds remain stable at a yield of 5.58%.

 Trader Martin Nikolov

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