DBRS Rates Ford Motor Credit $1.0 billion Issuance of Senior Notes at BBB (low)

DBRS, Inc. (DBRS) has today assigned a rating of BBB (low) to the $1.0 billion 2.551% Notes due October 2018 (the Notes) issued by Ford Motor Credit Company LLC (FMCC or the Company). The trend on all of the Notes is Stable. The proceeds from the notes will be included in the general funds of FMCC and available for general corporate purposes.

The rating reflects the ownership of the Company and considers that the predominant share of FMCC’s business consists of financing Ford Motor Company (Ford) vehicles and supporting Ford dealers.

Notes:
All figures are in U.S. dollars 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.

For additional information on this rating, please refer to the linking document under Related Research.