-- Ford Motor Co. has received its second credit upgrade, marking the automaker’s return to investment-grade status after its downgrade to junk in 2020.S&P Global Ratings raised the Dearborn, Michigan-based company’s rating to BBB- from BB+, the ratings firm said in a release Monday. The credit grader said the company’s margins will likely exceed expectations as part of the upgrade.
The upgrade comes just five days after Ford reached a tentative agreement to end a six-week strike by the United Auto Workers that has impacted production and hurt the company’s finances. Chief Financial Officer John Lawler last week said that the new UAW contract would add extra costs of about $850 to $950 for each car the company builds, shaving margins by 60 to 70 basis points.
Los Angeles, CA., Oct. 30, 2023 -- Draganfly Inc. , an award-winning, industry-leading drone solutions, and systems developer, is pleased to announce that it has closed its previously announced underwritten offering for gross proceeds of approximately US$3.5 million , before deducting underwriting discounts and offering expenses.
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