DBRS assigns BBB to Ford notes

DBRS said it assigned a rating of BBB to the $1.25 billion 2.021% notes due May 2019 and the $1 billion 3.096% notes due May 2023 issued by Ford Motor Credit Co. LLC.

The trend on all of the notes is stable.

Proceeds will be included in the general funds of Ford Motor Credit and available for general corporate purposes.

DBRS said the rating reflects the ownership of the company and considers that the predominant share of Ford Motor Credit’s business consists of financing Ford Motor Co. vehicles and supporting Ford dealers.

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