The week in Business

Ford’s credit rating was downgraded to junk status by Moody’s. The ratings agency said that the car-maker’s cashflow and profit margins for 2020-21 were likely to be poor. Ford is embarking on a $11 billion restructuring plan, which includes 7,000 job losses, and is working with Volkswagen to develop electric cars. The Detroit-based firm is reported to have about $100 billion of debt. Moody’s said Ford needed to make operational changes at a ...