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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (30291)4/8/2005 10:08:25 PM
From: ild  Read Replies (3) of 110194
 
From WSJ:

NEW YORK -- The bonds of Ford Motor Co. (F) and its finance unit, Ford Motor Credit, took a beating late Friday as the auto giant revised downward its earnings outlook for the year.

Close on the heels of the company's announcement, credit rating agency Standard & Poor's revised its outlook on Ford and its finance unit to negative from stable. At the same time, S&P affirmed its triple-B-minus long-term and A-3 short-term ratings on the companies.

Consolidated debt outstanding at the Dearborn, Mich.-based company totaled $173 billion at Dec. 31, 2004, S&P noted in a release.

...

As recently as March 16, Ford stood by its 2005 earnings guidance, the day after GM's warning.
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