Ford: Likely A $20 Stock By 2014

Wed, 05/30/2012 - 16:20 EDT - Seeking Alpha

By Ry Frank:Ford (F) celebrated a landmark turnaround in its business operations a few days ago when Moody's Investors Service announced a credit upgrade that was the final seal of approval on a turnaround strategy that began in 2008 when the company was in deep trouble and up to its ears in debt. One of the most significant consequences of the upgrade was that control of the iconic Blue Logo passed back to the company.Among other assets, the logo had been pledged as collateral for borrowing. Moody's upgraded the credit rating on the automotive operations to Baa3 and Ford Motor Credit, the finance arm, now also has a rating of Baa3. Moody's said that the upgrade reflects the strength of the company's position in North America and its financial position and its expectation that the company will continue to follow the business practices that will help it to keep its investment-gradeComplete Story »

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Ford gets second investment-grade nod from Moody's
DETROIT (Reuters) - Moody's Investors Service upgraded Ford Motor Co to an "investment grade" credit rating on Tuesday, a move that allows the No. 2 U.S. automaker to reclaim its iconic Blue Oval insignia and other collateral pledged during its 2006 crisis. Moody's boosted Ford's credit rating to Baa3 from Ba2. Moody's said it was confident that Ford can sustain its strong performance in future downturns despite weakness in the European auto market. Moody's move comes after Fitch Ratings upgraded Ford to investment grade last month. ...
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Ford: Likely A $20 Stock By 2014

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