Standard & Poor’s Ratings Services on Friday upgraded Ford Motor Co.’s credit rating by one notch to ‘BBB’ from ‘BBB-‘. “The upgrade reflects our view that Ford remains well positioned to sustain the recent improvement in its operating margins over the next two years,” said S&P’s credit analyst Nishit Madlani in a statement. Madlani also expects the strong global automotive industry to continue supporting Ford’s business in North America and overseas, except in South America. The outlook on the rating is stable. Ford shares rose 1.1% to close at $13.29 on Friday.
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