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Thinning margins spur Ford Credit downgrade

Ford Motor Co.'s weakened credit profile will likely have negative implications for its access to funding and financing volumes after a downgrade by Moody’s Investors Service this week. The downgrade moved Ford’s rating to non-investment speculative-grade status.  Moody’s said an upgrade for Ford is “unlikely in the near term,” as margins are expected to remain […]

Honor Finance to square off against equity firm in $25M lawsuit

Honor Finance Founder James Collins will face off in a hearing this week against private equity firm CIVC Partners, which sued the now-defunct lender for $25 million for alleged fraud, according to a complaint filed in Cook County Circuit Court.  Chicago-based CIVC, which acquired Honor Finance in October 2011, claims that the lender misrepresented the […]