DBRS Assigns A (low) Rating to New Daimler Canada Finance Issue
Autos & Auto SuppliersDBRS has today assigned a rating of A (low) to the senior unsecured 3.02% fixed-rate notes (the Notes) to be issued by Daimler Canada Finance Inc. (DCFI) on December 7, 2011.
The Notes are of a principal amount of $300 million and mature January 7, 2015.
The Notes are unconditionally guaranteed by Daimler AG (Daimler) and rank pari passu with all other unsecured and unsubordinated obligations of Daimler.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The applicable methodology is Rating Companies in the Automotive Industry, which can be found on our website under Methodologies.