DBRS Assigns B Rating to New Ford Motor Credit Issue
DBRS has today assigned a rating of B to the $1.1 billion senior unsecured notes (the Notes) announced yesterday by Ford Motor Credit Company LLC (Ford Credit or the Company).
The Notes have an initial settlement date of May 5, 2008, with a final maturity date of May 15, 2015. They have a coupon of 12% and are being priced at 98.8 cents on the dollar.
The Notes rank pari passu with all other senior unsecured obligations of Ford Credit.
Note:
All figures are in U.S. dollars unless otherwise noted.
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