DBRS Assigns “A” Rating to John Deere Capital’s New Issuances

DBRS has today assigned a rating of “A” with a Stable trend to the planned senior unsecured medium-term notes (the Notes) to be issued on June 29, 2012, by John Deere Capital Corporation (JDCC).

The Notes are to be issued in two fixed-rate tranches and one floating-rate tranche. The two fixed-rate tranches include: (1) a tranche with a principal amount of $600 million, which will have a coupon of 0.95%, maturing on June 29, 2015; and (2) a tranche with a principal amount of $500 million, which will have a coupon of 2.80%, maturing on January 27, 2023.
The floating-rate tranche, with a principal amount of $500 million, will be issued at a spread of 0.15 percentage points over the three-month LIBOR and mature on April 25, 2014.

The Notes rank pari passu with all senior unsecured debt obligations of JDCC.

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

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