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) to be issued on October 11, 2011, by John Deere Capital Corporation (JDCC).

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 3.15% and mature on October 15, 2021. The floating-rate tranche, with a principal amount of $500 million, will be issued at a spread of 0.40 percentage points over the three-month LIBOR and mature on October 4, 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 Companies in the Industrial Products Industry, which can be found on our website under Methodologies.