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Breakingviews TV: Ford clunker

Tuesday, September 10, 2019 - 04:13

The automaker’s bonds fell after Moody’s cut its credit rating to junk. Weak profitability is old news, though, says Antony Currie, and Ford still has net cash. But heavy capital spending needs could force it to reduce the dividend, which may explain the stock’s drop.

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The automaker’s bonds fell after Moody’s cut its credit rating to junk. Weak profitability is old news, though, says Antony Currie, and Ford still has net cash. But heavy capital spending needs could force it to reduce the dividend, which may explain the stock’s drop.

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Breakingviews TV: Ford clunker

Tuesday, September 10, 2019 - 04:13