DBRS Assigns “A” Rating with Stable Trend to John Deere Canada Funding Inc.’s New $300 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% $300 million senior unsecured medium-term notes (the Notes) due on January 17, 2018. The Notes are expected to settle on or around January 17, 2014.

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.

The rating recognizes that the Notes issued are to be unconditionally guaranteed by John Deere Capital Corporation.

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

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is Rating Companies in the Industrial Products Industry (June 2013), which can be found on our website under Methodologies.