DBRS Rates Ford Motor Credit $1.5 bln of Senior Notes due February 2023 at BBB, Stable

DBRS, Inc. (DBRS) assigned a rating of BBB to the $900 million 4.140% Senior Notes due February 15, 2023, and the $600 million Floating Rate Senior Notes due February 15, 2023 (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 applicable methodologies are the Global Methodology for Rating Finance Companies (November 2017) and Rating Companies in the Automotive Manufacturing and Supplier Industries (October 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.

For more information on this credit or on this industry, visit www.dbrs.com.