DBRS assigns A(high) to BMW Finance

DBRS said it assigned an A (high) issuer rating with a stable trend to BMW Finance NV (BMWF).

BMWF’s credit rating is in line with that of its parent BMW AG, the agency said. BMW guarantees BMWF’s most senior class of debt, which are its medium-term notes.

“This guarantee, as well as DBRS Morningstar’s assessment of additional implicit support considerations (including but not limited to business, reputational, and financial factors that are likely to motivate a parent or affiliated company to support its subsidiary issuer), result in a flow-through of BMW’s issuer rating to BMWF,” the agency said in a press release.

DBRS said the stable trend reflects the view the rating will remain constant over the medium term.

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