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Bulletin: Ford Motor Co. Fourth-Quarter Results And 2012 Outlook Have No Rating Impact Jan 12
Standard & Poors, Jan 2012
Abstract
NEW YORK (Standard & Poor's) Jan. 27, 2012--Standard & Poor's Ratings Services said today that it views Ford Motor Co.'s (BB+/Stable/--) fourth-quarter results and the company's outlook for 2012, both announced today, as consistent with our assumptions incorporated in the fall 2011 upgrade. Ford's automotive operating cash flow in the quarter was only $700 million (after a working capital use of $400 million); for 2011 it was $5.6 billion. For the rating, we assume Ford will generate annual automotive operating cash flow in its global automotive operations of at least $2 billion-$3 billion in the next few years. The automaker announced a consolidated pretax profit of $1.1 billion for the fourth quarter (excluding special items), down about 15% year over...
Companies mentioned in this report are: Ford Motor Co.
Action: Bulletin
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.
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