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DBRS rates John Deere notes A
DBRS said it assigned a rating of A with a stable trend to John Deere Canada Funding Inc.'s new issue of C$300 million 2.3% senior unsecured medium-term notes due Jan. 17, 2018.
The notes will rank pari passu with all other senior unsecured and unsubordinated indebtedness of the company, DBRS said.
The notes are issued pursuant to the C$2.5 billion medium-term note shelf filed by the company in June 2012, the agency said.
The proceeds will be used for general corporate purposes, DBRS said.
The notes will be unconditionally guaranteed by John Deere Capital Corp, the agency said.
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