Ford - Downgrade of UBS Credit Rating to BB+.:July 22Downgrade of UBS Credit Rating to BB+.
In a Corporate Market Update, dated July 22, 2005, UBS states:
"In light of our expectation for further gradual deterioration in profitability, cash flow, and balance sheet measures, we lowered our credit rating on F from BBB- to BB+. We maintain a Deteriorating Credit trend. In light of still relatively wide spreads (compared to BB averages) we maintain a Market Perform opinion."
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