DBRS Assigns BB (high) Rating to New Ford Credit Issue, Rating UR-Pos.

DBRS has today assigned a rating of BB (high) to the three-year $1.25 billion Senior Unsecured Notes (the Notes) recently announced by Ford Motor Credit Company LLC (Ford Credit or the Company). Ford Credit’s ratings remain Under Review with Positive Implications, where they were placed on May 4, 2012.

The Notes have an initial settlement date of May 15, 2012, with a final maturity date of May 15, 2015.

The Notes have a fixed coupon of 2.75% and rank pari passu with all other senior unsecured obligations of Ford Credit.

The rating reflects the ownership of the Company and considers that the predominant share of Ford Credit’s business consists of financing Ford Motor Company (Ford) vehicles and supporting Ford dealers.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Auto Finance Companies Operating in the United States, which can be found on the DBRS website under Methodologies.