S&P ups Ford view to positive

Standard & Poor’s said it revised its outlooks on Ford Motor Co. and its subsidiary Ford Motor Credit to positive from stable and affirmed its BBB- corporate credit ratings on both companies. The other ratings on both companies are unchanged.

S&P said the outlook revision reflects S&P’s belief that Ford is well positioned to continue to improve its regional profitability over the next two years.

“We expect that the generally positive fundamentals in the global automotive industry will support steady profitability for the company in North America (EBIT margins of about 9%) and ongoing improvements for its operations in Europe and the Asia-Pacific region, which will more than offset its meaningful losses in South America,” the agency said in a news release.

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