S&P places Ford on watch

Ford Motor Company and its finance arm could be set to sink further into junk territory as Standard & Poor’s today placed its BB- corporate credit rating on watch with negative implications.

The rating agency cites concerns over the US automaker’s shrinking market share in North America and high commodity costs. A rating decision is expected by the end of June, the agency says.

S&P credit analyst Robert Schulz says: “We will consider the effect of the continuing pressure on Ford’s midsize SUV

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