UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: July 21, 2006
(Date of earliest event reported)
FORD MOTOR CREDIT COMPANY
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-6368 | 38-1612444 |
| (Commission File Number) | (IRS Employer Identification No.) |
One American Road, Dearborn, Michigan | 48126 |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code 313-322-3000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 140.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On July 21, 2006, Dominion Bond Rating Service ("DBRS") took, among others, the following actions with regard to the credit ratings assigned to Ford Motor Company ("Ford") and Ford Motor Credit Company ("Ford Credit"):
| · | Lowered Ford's long-term debt rating to B(high) from BB(low), and lowered Ford's short-term debt rating to R-3(middle) from R-3(high); |
| · | Lowered Ford Credit's long-term debt rating to BB(low) from BB, and confirmed Ford Credit's short-term debt rating at R-3(high); and |
| · | Maintained a negative outlook for Ford and Ford Credit. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FORD MOTOR CREDIT COMPANY | ||
| (Registrant) | ||
| Date: July 25, 2006 | By: | /s/C. M. MacGillivray |
| C. M. MacGillivray | ||
| Assistant Secretary |