Ford's Credit Rating Confirmed

DEARBORN, Mich., Nov. 13, 2002; Moody's announced today that it is confirming the credit ratings of Ford Motor Company and Ford Motor Credit Company. The following statement is from Allan Gilmour, vice chairman and chief financial officer, Ford Motor Company:

"We are pleased with Moody's decision today. The fact that both Moody's and Fitch have confirmed our credit ratings is tangible, external evidence of the progress we are making under our Revitalization Plan. Moody's action today removes the remaining rating agency uncertainty in the capital markets."