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DBRS rates Ford Credit Canada notes BBB (low)
DBRS said it assigned a rating of BBB (low) with a stable trend to the C$750 million of senior unsecured notes to be issued by Ford Credit Canada Ltd.
The notes will have a fixed interest rate of 2.923% and will mature on Sept. 16, 2020.
The notes will be unconditionally guaranteed by Ford Motor Credit Co. LLC, Ford Credit Canada’s parent, and will rank pari passu with all other unsecured and unsubordinated debt of Ford Credit Canada.
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