Article: Company Lowers Ford Credit Rating

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Title: Company Lowers Ford Credit Rating

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DETROIT (AP) _ The restructuring plan Ford Motor Co. announced Friday was not well received by three credit rating companies.

Fitch Inc. downgraded the senior debt rating for Ford, Ford Motor Credit Co., and Hertz to BBB+ from A-, and Ford's preferred securities to BBB- from BBB+. Both Standard & Poor's and Moody's Investors Service put Ford on notice that its credit ratings from those two companies could be downgraded as well.

"The bulk of the benefits from the company's cost reduction program will not occur over the next several years, and full realization of the program's benefits will be largely ...

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