Moody’s Investors Service and Fitch Ratings have both given top marks to John Deere’s latest securitization of equipment installment sale contracts.

The $870 million deal consists of a $257 million money market class with a preliminary P1 rating from from Moody’s and F1 rating from Fitch. There are also three classes of senior notes rated ‘Aaa’ by Moody’s and ‘AAA’ by Fitch.

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