DBRS Assigns “A” Rating to New Entity John Deere Canada Funding Inc.

DBRS has today assigned a rating of “A” to John Deere Canada Funding Inc.’s (JDCFI or the Company) Senior Unsecured Debt. The trend is Stable.

JDCFI’s rating is based on the rating of the ultimate parent, Deere & Company. DBRS deems flowing through the rating of Deere & Company to JDCFI is appropriate, as debt issued by JDCFI will be unconditionally guaranteed by John Deere Capital Corporation, which DBRS rates at the same level as Deere & Company on the basis of a support agreement and the implicit support of the ultimate parent.

On February 10, 2012, DBRS confirmed the long- and short-term ratings for Deere & Company and its subsidiaries at “A” and R-1 (low) respectively, with a Stable trend. Underpinning the ratings is Deere & Company’s strong business profile as the leading global producer of agricultural equipment, with well-diversified revenues by product and geography. The ratings also reflect Deere & Company’s strong financial profile, which has shown solid improvement year over year (See DBRS press release and rating report dated February 10, 2012, for further details).

Note:

The applicable methodologies are Rating Companies in the Industrial Products Industry and DBRS Criteria: Guarantees and Other Forms of Explicit Support, which can be found on our website under Methodologies.