Moody's downgrades Ford bonds to junk, citing weak outlook

Moody's downgrades Ford bonds to junk, citing weak outlook

국제신용평가회사 무디스…포드 신용등급 정크수준 강등br br Credit ratings agency Moody's has downgraded the bonds of Ford to junk status, citing weakness in the company's financial outlook amid a lengthy restructuring plan.br Moody's cut the American automaker by one notch to the non-investment grade B-A-1.br It said prospects for Ford's cash flow and profit margins next year and the year after are poor because of its restructuring plan, which could cost the company long-term.br Ford said in a statement that its underlying business is strong and its balance sheet is solid.br The carmaker announced in May that it will lay off about 7-thousand workers worldwide.


User: Arirang News

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Uploaded: 2019-09-10

Duration: 00:38

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