DBRS Assigns “A” Rating to New Caterpillar Notes Issue

DBRS has today assigned a rating of “A” with a Stable trend to three tranches of debt totaling $1.5 billion of senior unsecured notes (collectively, the Notes) issued by Caterpillar Inc. (CAT or the Company) today.

The individual tranches are outlined below:

--$500 million 0.950% three-year fixed rate notes maturing June 26, 2015
--$500 million 1.500% five-year fixed rate notes maturing June 26, 2017
--$500 million 2.600% ten-year fixed rate notes maturing June 26, 2022

The Notes rank equally in right of payment with all of CAT’s other existing and future senior unsecured indebtedness. The Notes issued are pursuant to CAT’s indenture dated as of May 1, 1987 (as amended and supplemented from time to time).

Proceeds of the Notes are to be used for general corporate purposes.

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.