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Moody's Upgrades Ford's Rating

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  • Description

    FBN's Jeff Flock on Ford's reaction to Moody's raising the company back to investment grade.

  • Duration 1:24
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-- that well if you start turning talk about the auto industry shall we for getting the upgrade by Moody's based on strength in North America despite 25% of global revenue.

Coming from the troubled eurozone Jeff Flock is at -- -- export plant in Chicago -- -- -- even though Lou Dobbs would agree that prosperity has been restored here for to see that big blue oval back -- behind me at the Chicago assembly plant.

Not a lot of people knew that that was actually in -- until yesterday that mortgaged along with the plant that you see behind me where -- make the Ford Explorer.

As well as all the other assets of the company.

Mortgaged for that 25 billion dollar loan which is valued -- -- largely paid off an -- rating -- agencies at least two albums say.

You're back to investment grade.

Now the big question Alan Mulally the 67 to be 67 I should say -- August CEO of this company who has really helped turn it around.

Is he going anywhere is he going to retire now that they've achieved this milestone.

Take a look at what bill Ford Alan Mulally both said yesterday on a conference call.

Bill Ford and I quote him now Allen isn't going anywhere no retirement in the offing.

And Mulally himself says he changes not -- -- plans to continue to serve this great corporation.

-- I think headed.

In the right direction regardless of which where you think the US is headed at least this piece of the economy.

Is going strong.

-- -- We'll take -- debt.

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