DBRS Rates Ford Motor Credit $1.50 bn Issuance of Senior Notes at BBB, Stable Trend

DBRS Limited (DBRS) has today assigned a rating of BBB to the $900.0 million 2.979% Notes due August 3, 2022 and the $600 million Floating Rate Notes due August 3, 2022 (together the Notes) issued by Ford Motor Credit Company LLC (FMCC or the Company). The trend on all the Notes is Stable. The proceeds will be used 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 or the Parent) vehicles and supporting Ford dealers.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are the Global Methodology for Rating Finance Companies (October 2016) and Rating Companies in the Automotive Manufacturing Industry (October 2016), 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.

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