Final Note

Moody’s raises Ford back up to investment grade

Kai Ryssdal May 22, 2012
HTML EMBED:
COPY
Final Note

Moody’s raises Ford back up to investment grade

Kai Ryssdal May 22, 2012
HTML EMBED:
COPY

This final note today — a happy one for the Ford Motor Company. They’ve got their blue oval back.

I’ll explain. One of the reasons Ford was the only one of the Big Three not to go broke and need a bailout was that back in 2006, they posted virtually every hard asset they had — factories, the oval, everything — as collateral for a $23.5 billion loan.

That let ’em get through the recession intact. And today, Moody’s raised Ford’s debt rating back to investment grade, which means they get their stuff back.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.