- Language: English
- Published: December 2011
Bulletin: Ford Motor Co. First-Quarter Earnings Announcement Consistent With BB-/Positive/-- Rating
- ID: 1714350
- April 2011
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
NEW YORK (Standard & Poor's) April 26, 2011--Standard & Poor's Ratings Services said today that it views Ford Motor Co.'s (BB-/Positive/--) first-quarter earnings, announced today, as consistent with its positive outlook on the company's rating. The automaker announced a consolidated pretax profit of $2.8 billion for the first quarter, up about $827 million year over year. Ford's global automotive operations produced $2.1 billion in pretax profit in the quarter (up $936 million year over year) despite market share declines in most regions, while the financial services unit, including Ford Motor Credit Co. LLC, posted $706 million in pretax profit (down $109 million). The automotive operating results are a significant improvement sequentially from the fourth quarter for North America and Europe....
Companies mentioned in this report are: Ford Motor Co.