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Ford (NYSE:F) shares jump after Standard & Poor’s (NYSE:MHP) raises its credit rating on the automaker.
Going from a BB- to BB+ S&P maintains it has a stable outlook. General Motors (NYSE:GM) is also sitting at +4.2%.
“Ford’s (NYSE:F) prospects for generating free cash flow and profits in its automotive manufacturing business remain intact, because of its cost base in North America,” according to seekingalpha.com.
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