DBRS Assigns “A” Rating to John Deere Capital’s New Issuances

DBRS has today assigned a rating of “A” with a Stable trend to the planned senior unsecured medium-term notes (the Notes) that are to be issued by John Deere Capital Corporation (JDCC) on March 3, 2011.

The Notes are to be issued in two tranches. The fixed-rate tranche, with a principal amount of $500 million, will have a coupon of 1.6% and mature on March 3, 2014. The floating-rate tranche, with a principal amount of $250 million, will be issued at a spread of 0.22 percentage points over the three-month LIBOR and mature on March 3, 2014.

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.