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 February 27, 2012, by John Deere Capital Corporation (JDCC).

The Notes are to be issued in three tranches. The two fixed-rate tranches include (1) a tranche with a principal amount of $500 million, which will have a coupon of 1.40%, maturing on March 15, 2017, and (2) a tranche with a principal amount of $500 million, which will have a coupon of 2.75%, maturing on March 15, 2022. The floating-rate tranche will have a principal amount of $500 million and will be issued at a spread of 0.17 percentage points over the three-month LIBOR, maturing on June 16, 2014.

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.