Fitch Ratings Upgrades Ford's Junk Status | WAMU 88.5 - American University Radio
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Fitch Ratings Upgrades Ford's Junk Status

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Ford's credit rating was raised from junk status to investment-grade by Fitch Ratings — it's another step in the company's turnaround. Ford nearly collapsed in 2005. Since then, it has mortgaged many of its assets, even using its blue oval logo as collateral to borrow money. Under the leadership of CEO Alan Mulally, Ford has repaired its balance sheet and improved its vehicle lineup.
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