DBRS confirms Deere

DBRS said it confirmed the long and short-term ratings for Deere & Co. and its subsidiaries at A and R-1 (low), respectively.

The trends remain stable.

Underpinning the ratings is the company's strong business profile as the leading global producer of agricultural equipment, with well-diversified revenues by product and geography, the agency said.

The ratings also reflect Deere's strong financial profile, which has shown solid improvement year over year, the agency added.

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