DBRS Assigns BBB (low) Rating to Ford Credit Canada New Issue

DBRS has today assigned a rating of BBB (low) with a Stable trend to the Senior Unsecured Notes (the Notes) to be issued by Ford Credit Canada Limited (Ford Credit Canada). The Notes will have an aggregate principal amount of $500 million, feature a fixed interest rate of 2.939% and will mature on February 19, 2019.

The Notes are to be unconditionally guaranteed by Ford Motor Credit Company LLC (Ford Credit), Ford Credit Canada’s parent, and will rank pari passu with all other unsecured and unsubordinated debt of Ford Credit Canada.

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

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