DBRS Assigns B Rating to New Ford Credit Issue

DBRS has today assigned a rating of B to the $750 million senior unsecured notes (the Notes) announced yesterday by Ford Motor Credit Company LLC (Ford Credit or the Company).

The Notes have an initial settlement date of December 14, 2009, with a final maturity date of January 15, 2020.

The Notes have a coupon of 8.125% and are being priced at 98.304 cents on the dollar.

The Notes rank pari passu with all other senior unsecured obligations of Ford Credit.

Note:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Automotive, which can be found on our website under Methodologies.

This is a Corporate (Non-Bank Financials) rating.