S&P applies A+ to Paccar Financial

S&P said it assigned an A+ corporate credit rating to Paccar Financial Pty. Ltd.

The outlook is stable.

S&P said the action equalizes the rating on Paccar Financial – a fully owned financing subsidiary – with the rating on its parent, Paccar Inc.

The rating on Paccar Financial reflects the agency’s assessment of the subsidiary as a core entity within its group. This assessment is supported by S&P’s view that Paccar Financial generates all of its receivables from financing Paccar’s trucks, trailers and ancillary equipment.

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