DBRS Rates Ford Motor Credit $1.75 bn Issuance of Snr Notes with Various Maturity Dates at BBB, Stb

DBRS, Inc. (DBRS) has today assigned a rating of BBB to the $500.0 million 2.262% Notes due March 2019, the $850 million 3.339% Notes due March 2022, and the $400 million Floating Rate Notes due March 2022 (together the Notes) issued by Ford Motor Credit Company LLC (FMCC or the Company). The trend on all of the Notes is Stable.

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 or the Parent) 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 2016). Other applicable methodologies include Rating Companies in the Automotive Manufacturing Industry (October 2016) and DBRS Criteria – Guarantees and Other Forms of Support (February 2017), which can be found on our website under 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.