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Risk-to-Price Commentary: Johnson Controls Inc. And Ford Motor Co. Aug 11 Product Image

Risk-to-Price Commentary: Johnson Controls Inc. And Ford Motor Co. Aug 11

  • Published: August 2011
  • Standard & Poors

FEATURED COMPANIES

  • BorgWarner Inc.
  • Ford Motor Co.
  • Ford Motor Credit Co. LLC
  • Harley-Davidson Inc.
  • Johnson Controls Inc.
  • TRW Automotive Inc.
  • MORE

Abstract
Standard & Poor's Ratings Services said Wednesday there's a 33% chance it would raise its 'BB-' corporate credit rating on Ford Motor Co. within 12 months if, among other things, the market for light vehicles continues to improve and the automaker satisfactorily resolves labor contract negotiations. "We believe Ford's financial performance is tracking levels consistent with a higher rating; for example, its global cash generation from automotive operations seems very likely to exceed $4 billion this year," Standard & Poor's wrote in a research summary. "We believe the company's automotive operations in North America will remain profitable with industry light-vehicle sales at or above current levels (i.e., more than 11 million units)." Although Standard & Poor's economists forecast U.S. light-vehicle...

Companies mentioned in this report are:
- Ford Motor Co.
- Ford Motor Credit Co. LLC
- Johnson Controls Inc.
- Harley-Davidson Inc.
- Harley-Davidson Financial Services
- BorgWarner Inc.
- General Motors Financial Co. Inc.
- TRW Automotive Inc.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international READ MORE >

- Ford Motor Co.
- Ford Motor Credit Co. LLC
- Johnson Controls Inc.
- Harley-Davidson Inc.
- Harley-Davidson Financial Services
- BorgWarner Inc.
- General Motors Financial Co. Inc.
- TRW Automotive Inc.

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