Moody's Investors Service became the second rating agency to restore Ford Motor Co.’s investment grade rating, a move that allows it to release the assets it uses as collateral for its outstanding loans – including its trademark blue oval symbol.

Moody’s lifted the automakers’ senior unsecured ratings by one notch to 'Baa3', the lowest investment grade rating, from 'Ba2'. The automaker’s finance arm, Ford Motor Credit Co., wasalso lifted, to 'Baa3' from 'Ba1'.

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