DBRS Assigns Rating of BBB to Ford Credit Canada New Issue

DBRS Limited has today assigned a rating of BBB 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, feature a fixed interest rate of 2.58% and will mature on May 10, 2021.

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.

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

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.