S&P Global Ratings raises its rating on CNH Industrial to ‘BBB+’

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CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) has received an upgrade in its long-term issuer credit ratings from S&P Global Ratings to 'BBB+' from 'BBB', with a stable outlook. The company is a global leader in equipment and services, with a focus on Innovation, Sustainability, and Productivity. Its diverse portfolio includes agricultural and construction products, digital technologies, and autonomous systems. With a history spanning over two centuries, CNH Industrial continues to drive customer efficiency and success, with a workforce of 40,000+ employees.

Basildon, December 1, 2023

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that on November 30, 2023, S&P Global Ratings raised its long-term issuer credit ratings on CNH Industrial N.V. and its subsidiary, CNH Industrial Capital LLC, to 'BBB+' from 'BBB'. S&P Global Ratings also affirmed the 'A-2' short-term issuer credit rating.

Additionally, S&P Global Ratings raised the issue-level ratings on CNH Industrial N.V. and its industrial subsidiaries' debt, as well as the issue-level ratings on CNH Industrial Capital LLC's senior unsecured debt, to 'BBB+' from 'BBB'.

The outlook is stable.

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Hemisphere, a leading designer and manufacturer of high-precision satellite-based positioning and heading technologies; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 40,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Contacts:

Media Relations
Email: mediarelations@cnhind.com

Investor Relations
Email: investor.relations@cnhind.com

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FAQ

What are the long-term issuer credit ratings for CNH Industrial N.V. and its subsidiary, CNH Industrial Capital LLC?

S&P Global Ratings raised the long-term issuer credit ratings to 'BBB+' from 'BBB', with a stable outlook.

What are the short-term issuer credit ratings for CNH Industrial N.V. and its subsidiary, CNH Industrial Capital LLC?

S&P Global Ratings affirmed the 'A-2' short-term issuer credit rating.

What are the major brands and products offered by CNH Industrial?

CNH Industrial offers a diverse portfolio, including Case IH, New Holland Agriculture, CASE, New Holland Construction Equipment, STEYR, Raven, Hemisphere, Flexi-Coil, Miller, Kongskilde, and Eurocomach, covering agriculture, construction, digital technologies, and autonomous systems.

What is the company's purpose and strategic focus?

The company's purpose is 'Breaking New Ground', centered on Innovation, Sustainability, and Productivity, providing strategic direction, R&D capabilities, and investments for its global and regional Brands.

How many employees does CNH Industrial have?

CNH Industrial has a workforce of 40,000+ employees, forming a diverse and inclusive workplace focused on empowering customers to grow and build a better world.