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

DBRS Limited 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 $750 million featuring a fixed interest rate of 2.923% and will mature on September 16, 2020.

The Notes are to be unconditionally guaranteed by Ford Motor Credit Company LLC, 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.

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

The applicable methodologies are Rating Companies in the Automotive Manufacturing Industry and Global Methodology for Rating Finance Companies, which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.