DBRS Morningstar Discontinues Senior Unsecured Debt and Commercial Paper Ratings of Deere & Company

DBRS Limited (DBRS Morningstar) discontinued the Senior Unsecured Debt rating and Commercial Paper (CP) rating of Deere & Company (Deere or the Company). DBRS Morningstar also discontinued the Senior Unsecured Debt and CP ratings of John Deere Capital Corporation and John Deere Financial Inc. & John Deere Credit Inc. & John Deere Canada ULC, as well as the Senior Unsecured Debt rating of John Deere Canada Funding Inc. The rating actions are at the request of the Company and are not related to the creditworthiness of these entities.

Notes:
The principal methodologies are Rating Companies in the Industrial Products Industry, DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers, DBRS Criteria: Guarantees and Other Forms of Support and DBRS Morningstar Criteria: Rating Corporate Holding Companies and Parent/Subsidiary Rating Relationships, which can be found on dbrs.com under Methodologies & Criteria.

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 under Related Documents or by contacting us at [email protected].

The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar did not have access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at [email protected].

DBRS Limited
DBRS Tower, 181 University Avenue, Suite 700
Toronto, ON M5H 3M7 Canada