Ford's Turnaround Gains a Little Steam
The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA discusses topics across the investing world.
Ford got some good news this week. Moody's upgraded its debt to investment grade. Not only will that release debt collateral, including its famous blue oval, as well help lower the cost of any future financings, but it's another step in Ford's turnaround under CEO Alan Mulally. Mulally himself rated the upgrade "way up there on the highlight film" of his tenure at Ford (since he became CEO in 2006). Anand weighs in on the news and reiterates his buy call on Ford.
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At the time this article was published Anand Chokkavelu, CFAowns shares of General Motors and Ford. The Motley Fool owns shares of Ford.Motley Fool newsletter services recommendFord and General Motors. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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