Ferdinand says his importance to the Reds is something that is recognised by everyone within the dressing room.
"He is the most under-rated and undervalued player in the league. But he is valued highly by each member of our squad, don't worry about that," Ferdinand told PA Sport.
"With Scholesy not playing as many games the responsibility has gone to Michael. And he has stepped up. He has handled it superbly. You just wish players like that didn't have to go through their careers searching for accolades.
"You would like to think people would give them out. That hasn't been the case with Michael, which is unfortunate."