DBRS Assigns “A” Rating to John Deere Capital’s New Issuance
IndustrialsDBRS has today assigned a rating of “A” with a Stable trend to the planned senior unsecured medium-term notes (the Notes) to be issued on July 12, 2011, by John Deere Capital Corporation (JDCC).
The Notes are to be of a principal amount of $500 million, will have a fixed-rate coupon of 3.9% and will mature on July 12, 2021.
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 Companies in the Industrial Products Industry, which can be found on our website under Methodologies.