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 April 17, 2012, by John Deere Capital Corporation (JDCC).

The Notes are to be issued in two tranches. The two fixed-rate tranches include: (1) a tranche with a principal amount of $500 million, which will have a coupon of 2.25%, maturing on April 17, 2019; and (2) a tranche with a principal amount of $500 million, which will have a coupon of 0.875%, maturing on April 17, 2015.

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.