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FMCC |
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FMCC has benefited from lower provision expense, as the quality of its receivables pool has increased, but the pace of these improvements is expected to slow going forward. Earlier this year, on March 13, 2006, Fitch downgraded the ratings of Ford Motor Company, FMCC and their related subsidiaries to 'BB' from 'BB+'. FMCC has benefited from lower provision expense, as the quality of its receivables pool has increased, the pace of these improvements is expected to slow going forward. |
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