S&P upgrades Ford 2 notches after labor deal

NEW YORK (AP) ? Standard & Poor's is raising Ford Motor Co.'s credit rating two notches, saying a new contract with auto workers will allow for continued profits at the car maker's North American operations.

S&P said Friday it was upgrading Ford to "BB+" ? one level below investment-grade ? from "BB-."

Ford shares are up 45 cents, or 3.9 percent, to $12.15 in late-morning trading.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-10-21-Ford-Ratings/id-9c40577c28864995a384dfa496a8ad92

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