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Ford credit rating restored

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The Ford Motor Company Inc. logo is seen on a wall at the New York International Auto Show in New York City
The Ford Motor Company Inc. logo is seen on a wall at the New York International Auto Show in New York City

DETROIT (WKZO) -- The Fitch Ratings agency restored the credit ratings of both Ford Motor Company and Ford Motor Credit to investment grade.  Ford had lost its investment grade status in 2005.

Ford Motor Company executive vice president and chief financial officer Bob Shanks said that Tuesday's decision by Fitch is "an important proof point of the continued progress the Ford team is making with our One Ford plan.  Moving forward, we will continue to focus on driving profitable growth for all of our stakeholders."

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