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Ford has its own auto financing division called Ford Motor Credit. This division has about 80b of long term debt in the form of consumer auto loans for the purc
by throwaway400 7y ago
Ford has its own auto financing division called Ford Motor Credit. This division has about 80b of long term debt in the form of consumer auto loans for the purchase of Ford vehicles.
Moodys downgraded this debt last fall.
- deleted 7y ago[deleted]
- dmurray 7y agoThose loans are assets, not liabilities (they are loans from FMC, not to it). Maybe you mean it has issued debt to pay for them?
- throwaway400 7y agoYes, sorry the debt is the bonds that FMC issued.
- notfromhere 7y agoThat debt is an asset and they generate revenue from it