S&P upgrades Ford 2 notches after labor deal

Standard & Poor's is raising Ford Motor Co.'s credit rating two notches, saying a new contract with auto workers will allow for continued profits at the car maker's North American operations.

S&P said Friday it was upgrading Ford to "BB+" — one level below investment-grade — from "BB-."

Ford shares are up 45 cents, or 3.9 percent, to $12.15 in late-morning trading.

Read Full Article from Wall Street Journal

- Posted: 2011-10-21 12:43:41

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