Ford Debt Is ‘Junk’ – Don’t Make U.S. Taxpayers Bail Them Out Again
S&P Global Ratings downgraded Ford bonds to junk. The motor company’s finances are an absolute wreck. No government bailouts this time. Let the market flip the automaker. Credit rating agency S&P Global just downgraded bonds issued by Ford Motor Company to junk status. It’s not just the “coronavirus recession” that S&P’s worried about. Back in…