Moody’s rates Ford Credit de Mexico’s certificados

Moody's Investors Service said it assigned a Baa3 and Aa.3mx long-term global currency and Mexican national scale senior ratings to Ford Credit de Mexico SA de CV’s two proposed sales of certificados bursatiles, Ford 19 and Ford 19-2.

The certificados will be backed by the Ford Motor Credit Co. LLC.

Ford 19 will have a floating coupon and a maturity of two years. Ford 19-2 will have a fixed coupon and a maturity of three years.

The outlook on the ratings is negative, which mirrors that of Ford Motor Credit, which is guaranteeing the certificados.

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