DBRS Releases Nissan Canada Financial Services Inc.’s Senior Unsecured Debt Rating of A (low)

DBRS Limited (DBRS) today notes that, on September 28, 2016, it assigned a new Senior Unsecured Debt rating of A (low) to Nissan Canada Financial Services Inc. (NCFS or the Company). DBRS also assigned a rating of A (low) to the Company’s $500 million Series A Notes due 2019 (CUSIP # 65478FAA0) issued on October 6, 2016. All trends are Stable.

NCFS’s Senior Unsecured Debt rating is consistent with DBRS’s credit ratings on the Company’s ultimate parent, Nissan Motor Company Ltd. (Nissan). The ratings consider the Keepwell Agreement dated January 31, 2013, between Nissan and NCFS as well as DBRS’s assessment of NCFS as a strategically important subsidiary of Nissan.

For more information, please refer to the DBRS rating report on Nissan dated July 25, 2016.

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

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 methodologies are Global Methodology for Rating Finance Companies and Rating Companies in the Automotive Manufacturing Industry, 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.