Moody's may upgrade Ford

Moody's Investors Service said it is reviewing the ratings of Ford Motor Co. for possible upgrade following the announcement that the company has reached a tentative agreement with the United Auto Workers Union on a four-year contract replacing the agreement, which expired on Sept. 14.

Moody's said the ratings under review are the corporate family rating and probability of default rating at Ba2, secured bank debt at Baa3, and senior unsecured debt at Ba3. The company's speculative grade liquidity rating is SGL-2.

The proposed contract is being submitted to Ford's approximately 41,000 UAW employees for a ratification vote that Moody's expects will be completed shortly.

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