DBRS Assigns a Commercial Paper Rating of R-1 (low) to Nissan Canada Financial Services Inc.

DBRS has today assigned a Commercial Paper rating of R-1 (low) to Nissan Canada Financial Services Inc. (NCFS or the Company). The trend is Stable. Concurrently, DBRS is confirming the long- and short-term ratings of Nissan Motor Co., Ltd, (Nissan) at A (low) and R-1 (low), respectively.

NCFS’s rating is consistent with DBRS credit ratings on the Company’s ultimate parent, Nissan. The rating equivalency takes into account the Keepwell Agreement dated January 31, 2013, between Nissan and NCFS in addition to DBRS’s assessment of NCFS as a strategically important subsidiary of Nissan.

For more information, please refer to DBRS Press Release on Nissan dated June 27, 2014, in addition to the Rating Report dated July 21, 2014.

Notes:
The NCFS Commercial Paper rating is supported by Nissan Motor Co., Ltd.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

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

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