DBRS rates John Deere debt A

DBRS said it assigned a rating of A to John Deere Canada Funding Inc.'s senior unsecured debt.

The trend is stable.

The rating is based on the rating of the ultimate parent, Deere & Co.

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

The ratings also reflect its strong financial profile, which has shown solid improvement year-over-year, the agency said.

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