Ford Becomes Largest Fallen Angel After S&P’s Cut to Junk
Signage is displayed outside the idled Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, U.S. (Photographer: Anthony Lanzilote/Bloomberg)

Ford Becomes Largest Fallen Angel After S&P’s Cut to Junk

(Bloomberg) -- Ford Motor Co. was cut to junk by S&P Global Ratings as the coronavirus pandemic delivers a shock to the global auto industry and renders the carmaker the largest fallen angel to date.
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