DBRS Assigns “A” Rating with Stable Trend to John Deere Canada Funding Inc.’s New $300 Million MTNs

DBRS has today assigned a rating of “A” with a Stable trend to John Deere Canada Funding Inc.’s (JDCFI) new issue of 2.65% $300 million senior unsecured medium-term notes (the Notes) due on July 16, 2018. The Notes are expected to settle on or around July 29, 2013.

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 from 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 2013), which can be found on our website under Methodologies.