S&P rates Paccar Financial A+

Standard & Poor’s said it assigned an A+ and A-1 long- and short-term credit ratings on Paccar Financial Europe BV, a European captive finance subsidiary of Paccar Inc.

The outlook is stable.

The ratings reflect the company’s status as a core subsidiary of its ultimate parent, Paccar, S&P said.

Paccar Financial is a core subsidiary because it is highly unlikely to be sold, plays an integral role in Paccar’s current identity and future strategy, has close business ties to Paccar and has a successful operating history, the agency said.

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