PREMiERdrum Posted May 22, 2012 Share Posted May 22, 2012 (edited) Highlights from AP copy: DETROIT (AP) - Ford Motor Co. is getting its blue oval logo back. Moody's Investors Service raised Ford's debt ratings to investment-grade Tuesday for the first time in seven years. The move paves the way for Ford to get back assets it used as collateral in 2006 in order to get a $23.5 billion restructuring loan, including the logo. Ford needed two ratings agencies to upgrade it to investment grade to get its assets back. Fitch Ratings upgraded the company last month. MarketWatch: SAN FRANCISCO (MarketWatch) -- Moody's Investor Services raised its credit rating and outlook on Ford Motor Co. /quotes/zigman/264304/quotes/nls/f F 0.00% Tuesday, citing the car maker's strength in North America, strong liquidity, and sound financial discipline. The move lifts the rating on Ford's senior unsecured debt to Baa3 from Ba2. It also raises Ford Motor Credit Co's credit rating to Baa3 from Ba1. At the same time, Moody's said it dropped its speculative grade liquidity rating on the company. Moody's left unchanged its "stable" rating outlook for Ford and Ford Credit. "The key factor in our considering an investment-grade rating for Ford was whether or not the company would be able to sustain its strong performance. We concluded that the improvements Ford has made are likely to be lasting," Moody's Senior Vice President Brian Clark said. Ford shares slipped one cent Tuesday to $10.19. http://www.marketwatch.com/story/moodys-lifts-ford-motor-credit-rating-to-baa3-2012-05-22 Edited May 22, 2012 by PREMiERdrum 2 Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted May 22, 2012 Share Posted May 22, 2012 I was just coming to post this, so figured I would at least contribute something! http://social.ford.com/our-articles/cuvs/c-max/the-return-of-the-ford-blue-oval/ Woohoo!!! 1 Quote Link to comment Share on other sites More sharing options...
twintornados Posted May 22, 2012 Share Posted May 22, 2012 Gee...wonder what "words of wisdom" the Motor City Jackass, Lt Dan Akerson has to say about this? Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted May 22, 2012 Share Posted May 22, 2012 (edited) Did you know Dan's brother operated on my sister once? It's true. Anyway, this should also reduce Ford Credit's funding costs, which may mean better lease and loan packages. Edited May 22, 2012 by RichardJensen Quote Link to comment Share on other sites More sharing options...
PREMiERdrum Posted May 22, 2012 Author Share Posted May 22, 2012 Did you know Dan's brother operated on my sister once? It's true. Anyway, this should also reduce Ford Credit's funding costs, which may mean better lease and loan packages. Which is good news, for those of us who are officially in the market. (Operation: New Explorer officially kicked off this week.) 3 Quote Link to comment Share on other sites More sharing options...
Extreme4x4 Posted May 22, 2012 Share Posted May 22, 2012 Hmmmm..................... that could be good news for operation Explorer Sport. LOL I'm close to having the SD paid off, and will only have one vehicle payment at a time. 1 Quote Link to comment Share on other sites More sharing options...
TomServo92 Posted May 22, 2012 Share Posted May 22, 2012 Bububububu...they'll be bankrupt in 6 months!!!!! Quote Link to comment Share on other sites More sharing options...
BrewfanGRB Posted May 22, 2012 Share Posted May 22, 2012 It's really only psychological, but I was so, so happy to get the tweet on this earlier today. It sincerely gave a feel-good feeling (huh? well, whatever) inside: A company did it right and succeeded. Sure, people lost jobs. Sure there was pain. But those were happening no matter what--Ford as it existed in 2008 was built for a different time: Different workloads, different volumes. The people employed today have more secure jobs and a better future because of the short-term pain. I'm proud of what Ford's done and proud to drive one to work everyday. Welcome back, Blue Oval! Quote Link to comment Share on other sites More sharing options...
Edstock Posted May 22, 2012 Share Posted May 22, 2012 Bububububu...they'll be bankrupt in 6 months!!!!! Yep — and Ford is still re-building. It will be a different Lincoln 5 years from now. Quote Link to comment Share on other sites More sharing options...
FordBuyer Posted May 22, 2012 Share Posted May 22, 2012 It's really only psychological, but I was so, so happy to get the tweet on this earlier today. It sincerely gave a feel-good feeling (huh? well, whatever) inside: A company did it right and succeeded. Sure, people lost jobs. Sure there was pain. But those were happening no matter what--Ford as it existed in 2008 was built for a different time: Different workloads, different volumes. The people employed today have more secure jobs and a better future because of the short-term pain. I'm proud of what Ford's done and proud to drive one to work everyday. Welcome back, Blue Oval! On the news over loudspeaker, Ford employees working at Headquarters building went onto lawn out front and made huge Ford oval logo. This news will have lots of positives for Ford going forward. Ford worked long and hard for this day, and it finally came. Good-bye junkyard status. Quote Link to comment Share on other sites More sharing options...
blazerdude20 Posted May 23, 2012 Share Posted May 23, 2012 Which is good news, for those of us who are officially in the market. (Operation: New Explorer officially kicked off this week.) Goodbye fusion or escape? Quote Link to comment Share on other sites More sharing options...
mackinaw Posted May 23, 2012 Share Posted May 23, 2012 ......On the news over loudspeaker, Ford employees working at Headquarters building went onto lawn out front and made huge Ford oval logo.......... The cool part is that Bill Ford joined them too. Quote Link to comment Share on other sites More sharing options...
PREMiERdrum Posted May 23, 2012 Author Share Posted May 23, 2012 Goodbye fusion or escape? Escape. With baby #2 on the way, we're hoping to have something larger sometime around or shortly after his arrival. We've loved the Escape, but our double stroller and associated gear overfill the cargo hold. Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted May 23, 2012 Share Posted May 23, 2012 Congrats, PremierDrum, you've just won the site's first George Hamilton: Quote Link to comment Share on other sites More sharing options...
PREMiERdrum Posted May 23, 2012 Author Share Posted May 23, 2012 Congrats, PremierDrum, you've just won the site's first George Hamilton: I'm honored! It seems especially fitting, considering I just returned from a week in Orlando with my own "glow"... Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted May 23, 2012 Share Posted May 23, 2012 I'm honored! It seems especially fitting, considering I just returned from a week in Orlando with my own "glow"... Which one is you? 1 Quote Link to comment Share on other sites More sharing options...
Mark B. Morrow Posted May 23, 2012 Share Posted May 23, 2012 Good news! I'm glad they didn't try to make that deal in Vegas. $23.5 Billion, There's no way that's gonna happen. I would go $10 Billion right now. Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted May 23, 2012 Share Posted May 23, 2012 Here's the human logo: 1 Quote Link to comment Share on other sites More sharing options...
Deanh Posted May 23, 2012 Share Posted May 23, 2012 Congrats, PremierDrum, you've just won the site's first George Hamilton: seriously...THATS awesome....LMAO! Quote Link to comment Share on other sites More sharing options...
Hugh Posted May 23, 2012 Share Posted May 23, 2012 There's always someone in the crowd: "Damnit! No one told me to wear blue today!" Quote Link to comment Share on other sites More sharing options...
Deanh Posted May 23, 2012 Share Posted May 23, 2012 Here's the human logo: seriously, hard not to feel pride to an extent, after all the bashing ford took ( basically being hauled into the bailout debaucle courtesy of the OTHER two domestics ) and somewhat being viewed with the same taxpayer ire...this news slaps the negatards pretty hard. Good job Ford. Now Im going to sit back and see Lincoln rise from its so called ashes ... Quote Link to comment Share on other sites More sharing options...
atomcat68 Posted May 24, 2012 Share Posted May 24, 2012 seriously, hard not to feel pride to an extent, after all the bashing ford took ( basically being hauled into the bailout debaucle courtesy of the OTHER two domestics ) and somewhat being viewed with the same taxpayer ire...this news slaps the negatards pretty hard. Good job Ford. Now Im going to sit back and see Lincoln rise from its so called ashes ... It won't need to rise from ashes. The "holy water" that was sprinkled on it put that fire out. Quote Link to comment Share on other sites More sharing options...
BrewfanGRB Posted May 24, 2012 Share Posted May 24, 2012 Here's the human logo: My Twitter avi for a little while! Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 24, 2012 Share Posted May 24, 2012 (edited) A sense that the tumultuous period is now behind Ford and that the Blue Oval has finally been made whole. Edited May 24, 2012 by jpd80 Quote Link to comment Share on other sites More sharing options...
Gigantor Posted May 25, 2012 Share Posted May 25, 2012 I'm honored! It seems especially fitting, considering I just returned from a week in Orlando with my own "glow"... Looking good sporting that red bandanna! 1 Quote Link to comment Share on other sites More sharing options...
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