Ford regains the Blue Oval and credit rating
Last week the Ford Motor Company had its investment grade upgraded, for the first time in seven years, when an investor service deemed the motoring giants worthy of securing their own loans. The upgrade is quite a milestone in the company's financial history, as it means that Ford's US assets, such as its factories and even its trademark Blue Oval, will now be back in the company's hands and not used to secure any financial debt in the future.
Ford have been waiting for this announcement and is the second investment upgrade and final ratings change that it needed to retrieve its assets. This is certainly great news for the company as many of their competitors in recent years have either become bankrupt or had to appeal for government bailouts to be able to continue to struggle, something that the iconic carmaker can remain safe in the knowledge it navigated through itself.
So next time you are searching for a new car why not head to your nearest Ford car dealers and view their great range of Ford cars for sale, the company's success is certainly a result of the quality and value of its vehicles.
Image credit: JD Hancock