DBRS Rates Ford Motor Credit $1.25 billion Fixed Rate Notes at B (high), Trend Positive
Non-Bank Financial InstitutionsDBRS has today assigned its B (high) rating to the $1.25 billion 6.625% Fixed Rate Notes due 2017 (the Notes) issued by Ford Motor Credit Company LLC (FMC or the Company). The trend on the rating is Positive. The Notes will pay interest semi-annually and mature on August 15, 2017.
The rating reflects the ownership of the Company and considers that the predominant share of FMC’s business consists of financing Ford Motor Company (Ford) vehicles and supporting Ford dealers.
Notes:
All figures are in U.S. dollars unless otherwise noted.
The applicable methodologies are Rating Auto Finance Companies Operating in the United States, which can be found on the DBRS website under Methodologies
This is a Corporate (Financial Institutions) rating.