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The two main rating agencies have dealt Ford Motor Company, and the auto sector in general, a double blow. After Ford?s announcement of a $4.1 billion restructuring, Standard & Poor?s responded by placing the firm?s BBB+ rating on negative outlook. Then Moody?s, which had rated the company higher than S&P, reduced its rating one notch to Baa1 and announced the outlook was negative.

Philippe Landroit, auto sector credit analyst at Société Générale in London, says: ?The Moody?s downgrade was wi

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