Ford Cut to Junk as Moody’s Doubts Hackett’s Turnaround Bid – Yahoo Finance

(Bloomberg) — Ford Motor Co. was dealt a blow by Moody’s Investors Service, which cut the carmaker’s credit rating to junk on doubts that a turnaround plan by Chief Executive Officer Jim Hackett will generate earnings and cash quickly enough.Moody’s downgraded Ford to the highest junk rating, Ba1, saying

https://finance.yahoo.com/news/ford-cut-junk-moodys-doubts-202155962.html
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