Ford's (NYSE:F) Borrowing Costs Falling Says CFO

Ford Motor Company's (NYSE:F) CFO Lewis Booth, recently stated the costs of borrowing for the automaker has been falling over the last six months.

Booth said, “We can see a real improvement in our borrowing costs already. It started in the second half of last year, and it’s continued to improve.”

Much of this has come from the improving outlook from rating companies on Ford, generating better terms for them.

Ford Closed Friday at $18.65, dropping $0.03, or 0.16 percent.