DBRS Assigns “A” Rating to New Caterpillar Financial Services Limited Notes Issue

DBRS has today assigned a rating of “A” with a Stable trend to the $750 million senior unsecured Medium-Term Notes (Notes), which are to be issued by Caterpillar Financial Services Limited (CFSL) on May 29, 2012. The Notes are to be issued in two tranches. The two fixed-rate tranches include: (1) a tranche with a principal amount of $300 million, which will have a coupon of 2.20%, maturing on June 1, 2015; and (2) a tranche with a principal amount of $450 million, which will have a coupon of 2.63%, maturing on June 1, 2017. The Notes are to be issued under the $1.5 billion medium-term notes (unsecured) shelf prospectus filed on July 9, 2010.

The rating recognizes that the Notes are to be unconditionally guaranteed by Caterpillar Financial Services Corporation, CFSL’s parent, and rank pari passu with all other senior unsecured debt of CFSL.

Note:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating the Industrial Products Industry, which can be found on our website under Methodologies.