Ford Gets a Big Upgrade; Is It a Buy Now?
There was more good news for Ford today, as Moody's upgraded the company to investment grade. Now that Moody's and Fitch both have Ford at this grade, the company has regained its iconic blue oval logo that it put up as collateral for a $23.6 billion loan in 2006. This is a big step for the company, and it further confirms the remarkable job Ford has done in recovering from the Great Recession. Brendan thinks Ford should benefit in the future from pent-up vehicle demand in the U.S. and an aggressive expansion into Asia. Ford's stock is also dirt cheap and sports a solid 2% dividend. Check out the following video for more info on Ford's upgrade and Brendan's opinion of its prospects going forward.
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At the time this article was published Brendan Byrnes and The Motley Fool own shares of Ford. Motley Fool newsletter services have recommended buying shares of Ford, Moody's. and General Motors and creating a synthetic long position in Ford. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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