DBRS confirms Paccar ratings

DBRS said it confirmed the issuer rating of Paccar Inc. at AA (low) and the senior unsecured debt and commercial paper ratings of Paccar Financial Ltd. at AA (low) and R-1 (middle), respectively.

All trends are stable.

DBRS said the ratings reflect Paccar’s solid business profile as a leading global truck manufacturer with significant pricing power. The company also enjoys a very robust financial profile, with Paccar having only nominal levels of industrial debt, the agency said.

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