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 senior unsecured medium-term notes (the Notes) issued today by John Deere Capital Corporation (JDCC).

The Notes are in two tranches. The fixed-rate tranche, with a principal amount of $500 million, has a coupon of 2.25% and matures on June 7, 2016. The floating-rate tranche, with a principal amount of $350 million, is issued at a spread of 0.15 percentage points over the three-month LIBOR and matures on July 15, 2013.

The Notes 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.