DBRS confirms Paccar

DBRS said it confirmed the AA (low) and R-1 (middle) ratings of Paccar Inc. and Paccar Financial Ltd. with stable trends.

Paccar's credit profile remains on track as the ratings continue to reflect its solid business profile as a leading global truck manufacturer with significant pricing power, the agency said. The company also enjoys a very robust financial profile, in particular its balance sheet, which shows nominal levels of debt.

The company continues to benefit from a very strong financial profile, given its consistently conservative financial policy, the agency added. Paccar's debt levels remain nominal, with the industrial operations having a sizeable net cash position.

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