Ford Gets Blue Oval Out Of Hock
Moody's upped Ford's credit rating to the investment-grade Baa3. That means the company regains full possession of assets put up as collateral as part of their 2006 restructuring plan, including the company's famed blue oval logo.
Freep: “When we pledged the Ford Blue Oval as part of the loan package, we were not just pledging an asset. We pledged our heritage,” Ford Executive Chairman Bill Ford Jr. said in a statement. “The Ford Blue Oval is one of the most recognized symbols in the world, and it is a source of great pride and passion, both inside and outside our company. Getting the Ford Blue Oval back feels amazing, and it is one of the best days that I can remember.”
You know what else might make for a good day? The Lions winning the Super Bowl. One thing at a time. -- JTW