DBRS confirms Paccar

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.

The trend is stable.

The agency said the confirmations are underpinned by the company’s solid market position as a global premium truck manufacturer, its perceived high product quality as well as its large-scale and strong operating efficiencies.

The ratings also incorporate the company’s robust financial risk profile and very conservative financial policy, DBRS said.

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