Ford Motor Company: Rating Report
On May 17, 2022, DBRS Limited (DBRS Morningstar) changed the trend on Ford Motor Company’s (Ford or the Company) Issuer Rating to Positive from Stable and confirmed the rating at BB (high). DBRS Morningstar also changed the trends to Positive from Stable for the ratings on Ford’s Long-Term Debt, Revolving Credit Facility, and Senior Unsecured Convertible Debt and confirmed the ratings at BB (high) (with associated recovery ratings of RR4), pursuant to “DBRS Morningstar Criteria: Recovery Ratings for Non-Investment-Grade Corporate Issuers.” Concurrently, DBRS Morningstar changed the trends on all ratings of Ford Motor Credit Company LLC (Ford Credit) and its subsidiary Ford Credit Canada Company to Positive from Stable while also confirming the long- and short-term debt ratings at BB (high) and R-4, respectively.
Ford Motor designs, manufactures, markets, and services a line of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln vehicles, as well as provides financial services through its subsidiary, Ford Motor Credit Company LLC. The company is engaged in electrification; mobility solutions, including self-driving services; and connected vehicle services. The company has three operating segments: Automotive, which includes the sale of Ford and Lincoln vehicles, service parts, and accessories; Mobility, which includes its autonomous vehicles and its investment in mobility through Ford Smart Mobility LLC; and Ford Credit, which includes vehicle-related financing and leasing activities.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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