DBRS Assigns “A” Rating to John Deere Capital’s New Issuance
IndustrialsDBRS has today assigned an “A” rating with a Stable trend to the planned senior unsecured medium-term notes (the Notes) which are to be issued by John Deere Capital Corporation (JDCC) on September 16, 2010.
The Notes are to be of a principal amount of $500 million, will have a coupon of 2.8% and mature on September 18, 2017.
The Notes will rank pari passu with all senior unsecured debt obligations of JDCC.
Notes:
All figures are in U.S. dollars unless otherwise noted.
The applicable methodology is Rating the Industrial Products Industry, which can be found on our website under Methodologies.