S&P rates Ford revolver BBB-

Standard & Poor's said it assigned its BBB- issue-level rating to Ford Motor Co.'s approximately $12.2 billion senior unsecured revolving credit facility. The facility comprises commitments of about $3 billion maturing in 2017 and about $9 billion maturing in 2019.

Of the total commitments, $2 billion will be available to Ford Motor Credit Co. on an irrevocable and exclusive basis to support its liquidity. The revolver replaces a $10.7 billion revolver.

The rating on Ford reflects S&P's "satisfactory" business risk profile and "intermediate" financial risk profile assessments.

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