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JOHN DEERE CAPITAL $100 MILLION 6 PERCENT SENIOR NOTES RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --

 JOHN DEERE CAPITAL $100 MILLION 6 PERCENT SENIOR NOTES RATED 'A'
 BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, Jan. 20 /PRNewswire/ -- John Deere Capital Corp.'s $100 million 6 percent senior notes due Feb. 1, 1995, are rated "A" ' by Fitch. The credit trend is stable.
 The rating reflects the company's good business position and financial attributes as well as its ownership by the "A" rated Deere & Co. Although 75 percent of its receivables are Deere-related, John Deere Capital has been expanding its strong business base into agriculture credit-related products as well as dealer financing for boats and recreational vehicles. This expansion has been measured and is strategically sound. John Deere Capital has consistently exhibited high profitability, with its returns on assets typically ranging from 1.6-2.0 percent as a result of good asset quality and expense controls. Leverage is used conservatively, with debt-to-equity ratios well below an ultimate target of 7.5 times.
 -0- 1/20/92
 /CONTACT: Valerie Gerard of Fitch, 212-908-0500/
 (DE) CO: John Deere Capital Corp. ST: IN: MAC SU: RTG


GK -- NY025 -- 1378 01/20/92 11:08 EST
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Publication:PR Newswire
Date:Jan 20, 1992
Words:185
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