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Prospect News home > News index > List of issuers H > Headlines for Harley-Davidson, Inc. > News item |
Fitch rates Harley-Davidson notes BBB+
Fitch Ratings said it assigned a BBB+ rating to Harley-Davidson Financial Services, Inc. $450 million five-year medium-term note.
HDFS is the captive finance subsidiary of Harley-Davidson, Inc.
Ratings reflect the company's close operating relationship with Harley-Davidson Inc., which is governed by a support agreement in favor of debt holders under which Harley-Davidson must maintain fixed-charge coverage at 1.25 times and minimum net worth of $40 million, according to the agency.
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