DBRS Assigns BB Rating to Ford Credit Canada Limited New Issue

DBRS has today assigned a rating of BB with a Stable trend to the Ford Credit Canada Limited (Ford Credit Canada or the Company) issue of $500 million 4.875% fixed-rate senior unsecured notes (the Notes) to be issued on March 15, 2011 and maturing March 17, 2014.

The Notes to be issued by the Company are unconditionally guaranteed by Ford Motor Credit Company LLC (Ford Credit), Ford Credit Canada’s parent, and rank pari passu with all other senior unsecured debt of Ford Credit Canada.

Note:
All figures are in Canadian. dollars unless otherwise noted.

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