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Official: Blue Oval no longer in hock as Ford credit rating upgraded

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sjmmail...@yahoo.co.uk

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May 23, 2012, 2:15:33 AM5/23/12
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Moody's upgraded Ford's credit rating to investment grade today, the final step for the company to be able to reclaim its Blue Oval. Ford had offered its globally recognized trademark as part of a 2006 loan package. According to the Detroit Free Press, the collateralized logo and the rest of Fod's assets and intellectual property would not return to the automaker until it achieved an investment-grade credit rating with at least two of the three major agencies. Last month, Ford's credit was upgra...
Read More: http://feeds.autoblog.com/~r/weblogsinc/autoblog/~3/GP7rjSyBlPs/

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