Date of Release: 2007-11-27

Honda Canada Finance Inc.

Rates New Issue at A (high)

DBRS has today assigned a rating of A (high) to the Senior Unsecured Series 2007-3 and Series 2007-4 Debentures (collectively, the Notes) issued by Honda Canada Finance Inc. (HCFI).

The Notes have an aggregate principal amount of $500 million. The Series 3 Debentures ($50 million) mature on December 1, 2009, and feature an interest rate equivalent to the three-month BA rate plus a spread of 0.65%. The Series 4 Debentures ($450 million) mature on November 30, 2010, and have a fixed coupon of 5.307%.

The Notes rank pari passu with all other senior unsecured obligations of HCFI.

Note:
All figures are in Canadian dollars unless otherwise noted.

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