DBRS Assigns A (high) Rating to Honda Canada New Issue
DBRS has today assigned a rating of A (high) to the Senior Unsecured Series 2008-1 and Series 2008-2 Debentures (collectively, the Notes) issued by Honda Canada Finance Inc. (HCFI). The Notes have an aggregate principal amount of $750 million. The Series 2008-1 Debentures ($400 million) mature on May 9, 2011 and have a fixed coupon of 4.727%. The Series 2008-2 Debentures ($350 million) mature on May 9, 2013 and have a fixed coupon of 5.076%.
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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