Ford Motor Credit Plans Bond Sale as Ascent to Investment Grade Quickens
News from Bloomberg:

Ford Motor Credit Co., the finance unit of the second-largest U.S. automaker, sold $ 1 billion of notes as analysts project the parent company may regain investment-grade status in the next six months.

The unit issued 5.875 percent, 10-year senior unsecured notes, according to data compiled by Bloomberg. Ford is rated Ba2 by Moody’s Investors Service and BB- by Standard & Poor’s, with “positive” outlooks, Bloomberg data show.

Ford has been slashing debt and boosting cash to regain the investment grade it lost in 2005, as it ceded market share while facing rising retirement and health-care costs. The Dearborn, Michigan-based company, which has cut debt by more than $ 20 billion in the past five quarters, is poised to reach the upper tier of credit ratings in six months, JPMorgan Chase & Co. analysts said yesterday.

“To achieve this, we think the company will need to retire the…………… continues on Bloomberg
… Read the full article

Related News:

Boston Sci plans $ 150M investment in China
News from Boston Globe:

NATICK, Mass.—Boston Scientific Inc. plans to spend $ 150 million in China over five years to expand operations and staff in the rapidly developing nation, the medical device maker said Wednesday.

The company says its investment will include establishing a new manufacturing plant to serve China, and a training center where doctors can learn how to use medical technology.

The company expects to increase its employee base in the country from 200 to 1,200 over the five years. By the end of 2016, the company expects Chinese revenue to exceed $ 500 million.

“The Chinese medical device market, while rapidly evolving and challenging, presents a signif…………… continues on Boston Globe

… Read the full article