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Ford Heads To The Junk Yard

Summary:
Moody's Investors Service cut Ford Motor Co's bond rating to junk status, citing weak cash generation and a yearslong restructuring plan that the auto maker is undertaking just as the car market softens globally. https://www.wsj.com/articles/moodys-cuts-ford-bond-rating-to-junk-status-11568067924?mod=lead_feature_below_a_pos1

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Moody's Investors Service cut Ford Motor Co's bond rating to junk status, citing weak cash generation and a yearslong restructuring plan that the auto maker is undertaking just as the car market softens globally.

https://www.wsj.com/articles/moodys-cuts-ford-bond-rating-to-junk-status-11568067924?mod=lead_feature_below_a_pos1

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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