Progressive political commentary, science and ecological sanity, correcting corporate media spin, and literate creativity for people who believe in Round Earth Theory

Thursday, June 29, 2006

Ford Motor Co. bond rating lowered to B+ from BB-

"The downgrade reflects our view that 2006 will be a more difficult year for Ford than previously anticipated," says Standard & Poor's credit analyst Robert Schulz.

This is just after news that the same was happening to General Motors. How are they able to borrow all that cash to throw at their customers to buy them gasoline to help them with the cost of a new gas guzzler? Shouldn't they be reinvesting it?

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