Moody’s Cuts Ford Mexico Outlook

Moody’s has chopped the outlook on Ford Credit de Mexico, local national scale debt ratings to negative from stable. At the same time, the Baa1.mx long-term debt ratings were affirmed. The action follows Moody’s decision to cut Ford Motor Credit Company’s outlook to negative from stable, the agency says. Ford Credit de Mexico’s debt ratings are based on irrevocable and unconditional guarantees from the parent.