DBRS Assigns BBB (low) Rating to GMF Canada CAD 500 million Issuance of Senior Notes, Series 2

DBRS, Inc. (DBRS) today has assigned a rating of BBB (low) to the CAD 500 million Senior Notes, Series 2 due 2020 of General Motors Financial of Canada, Ltd. (GMF Canada or the Company). GMF Canada is an indirect, wholly owned subsidiary of General Motors Financial Company, Inc. (GMF), and the senior notes of GMF Canada are fully and unconditionally guaranteed by GMF (rated BBB (low) by DBRS). As such, the ratings of GMF Canada are equalized with GMF. The trend on the Notes is Stable.

Proceeds from the notes are expected to be used for general corporate purposes.

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

The principal applicable methodology is the Global Methodology for Rating Finance Companies (October 2014). Other applicable methodologies include Rating Companies in the Automotive Manufacturing Industry (November 2014) and DBRS Criteria – Guarantees and Other Forms of Explicit Support (February 2015). These can be found at: http://www.dbrs.com/about/methodologies.

The primary sources of information used for this rating include company documents and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

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