DBRS rates John Deere Canada Funding notes A

DBRS said it assigned a rating of A with a stable trend to John Deere Canada Funding Inc.'s C$250 million 2.3% senior unsecured medium-term notes due on July 5, 2016.

The notes will rank pari passu with all other senior unsecured and unsubordinated indebtedness of the company. The proceeds will be used for general corporate purposes.

John Deere Canada Funding's medium-term notes are unconditionally guaranteed by John Deere Capital Corp., DBRS said.

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