Last month, Ford Motor Company narrowly avoided the ignominy of being
downgraded to junk status by Standard & Poor’s (S&P’s). It
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Investment bankingDecember 2 2003
Ford sidesteps junk status
When Ford Motor Company faced the possibility of a serious downgrade byS&P’s, both the auto sector and the bond market held their breath. Geraldine Lambe reports on how Ford kept in the game.
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