A major credit agency has lowered Ford Motor Company’s ratings outlook.
Moody’s Investor’s Service warns that Ford’s credit rating faces downward pressure. Moody’s changed Ford’s credit outlook from stable to negative. Moody’s says Ford has allowed an erosion of operating disciplines it established after the 2009 restructuring of the auto industry. In addition, Ford faces disruption by the move toward electric vehicles, autonomous driving, and ride sharing. They write ‘Ford’s operating performance will remain under pressure into 2019.’ Ford enjoys a solid cash position.