Ford Facing A Difficult Future

In September this year, Moody’s downgraded Ford’s rating to junk and now S&P downgraded it to BBB- just above junk.

Q3 2019 numbers beat the market expectations; however, management lowered the earnings estimates for the rest of the year.

The future looks tough due to factors like the auto industry slowdown in the international market and the ongoing restructuring phase of the company.