Looks like FoMoCo may soon have to pay the shys a few extra points' vig to cover its "responsibilities" (if you know what we mean, and we think you do). The company and its Ford Motor Credit division have taken a pre-hit from S&P, which placed them on CreditWatch-negative, which means it could be in for another credit-rating drop — putting the company's bonds ever deeper into junk status. The boys on the street say they're not satisfied Ford's keeping up with its obligations — they're losing market share and their product mix is oogatz. They'd better shape up or out come the persuaders, and then it's lights-out time.
Forbes on Fitch on Ford: Whose Credibility is Really at Stake? [internal]