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Ford cut to junk as Moody's doubts Hackett's turnaround bid

Ford's most actively-traded bonds, Ford Motor Credit Co.'s 5.113% bonds due 2029, weakened relative to Treasuries. Foto: AP/Keith Srakocic

Ford Motor Co.'s Chief Executive Officer Jim Hackett has been dealt a major blow by Moody's Investors Service, which cut the carmaker's credit rating to junk over doubt his plans to fix the carmaker will soon generate earnings and cash...

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