DBRS Assigns “A” Rating with Stable Trend to John Deere Canada Funding Inc.’s New $250 Million Medium-Term Notes

DBRS has today assigned a rating of “A” with a Stable trend to John Deere Canada Funding Inc.’s (JDCFI or the Company) new issue of 2.30% $250 million senior unsecured Medium-Term Notes (the Notes) due on July 5, 2016. The Notes are expected to settle on or around July 3, 2012.

The Notes will rank pari passu with all other senior unsecured and unsubordinated indebtedness of JDCFI. The Notes are issued pursuant to the $2.5 billion medium-term note shelf filed by JDCFI on June 5, 2012 (see DBRS’s June 5, 2012, press release for more information). The proceeds of the Notes will be used for general corporate purposes.

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

John Deere Canada Funding Inc.’s medium-term notes are unconditionally guaranteed by John Deere Capital Corporation.

The applicable methodology is Rating Companies in the Industrial Products Industry (June 2011), which can be found on our website under Methodologies.