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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (29414)	5/5/2005 1:21:24 PM
From: Chispas	Respond to of 116555

Insult to Injury - Oh MY . . . . . . . . . . . . . . . . . . . S&P cuts Ford Motor ratings to junk status (F) By Carolyn Pritchard SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Thursday cut its long- and short-term corporate credit ratings on Ford Motor Co. (F) , Ford Motor Credit Co., and all related entities except those of Hertz Corp. to "BB+/B-1" , or junk staus, from "BBB-/A-3." The rating outlook is negative. S&P said the moves reflect its skepticism about whether management's strategies will be sufficient to counteract mounting competitive challenges. The ratings agency said its greatest immediate concern is that Ford faces the prospect that its overall sport utility vehicle business will not be able to generate the profitability it has enjoyed historically. Hertz ratings remain on CreditWatch, S&P said.