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

DBRS has today assigned a rating of BB (high) to the 3.5-year $750 million 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 August 7, 2012, with a final maturity date of January 15, 2016, and have a fixed coupon of 2.50%, ranking 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.

Note:
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.