Moody's decision to raise Ford's senior unsecured credit rating from Ba2 to Baa3 follows Fitch Ratings' move last month to boost the automaker's debt rating back up to investment grade.
"When we pledged the Ford Blue Oval as part of the loan package, we were not just pledging an asset. We pledged our heritage," said Ford executive chairman Bill Ford in a prepared statement. "The Ford Blue Oval is one of the most recognized symbols in the world, and it is a source of great pride and passion, both inside and outside our company. Getting the Ford Blue Oval back feels amazing, and it is one of the best days that I can remember."
