Ford Motor Company: Rating Report

On June 14, 2023, DBRS Limited (DBRS Morningstar) upgraded Ford Motor Company’s (Ford or the Company) Issuer Rating to BBB (low) from BB (high). DBRS Morningstar also upgraded the ratings on Ford’s Long-Term Debt, Revolving Credit Facility, and Senior Unsecured Convertible Debt to BBB (low) from BB (high). Concurrently, DBRS Morningstar upgraded Ford Motor Credit Company LLC’s (Ford Motor Credit) Long-Term Debt rating and Long-Term Issuer Rating to BBB (low) from BB (high) as well as its Short-Term Debt rating to R-2 (low) from R-4. DBRS Morningstar also upgraded the Long-Term Debt and Short-Term Debt ratings on Ford Motor Credit’s subsidiary, Ford Credit Canada Company, to BBB (low) and R-2 (low) from BB (high) and R-4, respectively. The trends on all ratings changed to Stable from Positive.