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London, August 8, 2018
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that on August 8, 2018 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-'. The short-term rating of CNH Industrial Capital LLC's commercial
paper program was raised to 'A-2' from 'A-3'. The outlook of both companies is stable.
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-'.
S&P Global Ratings raises its rating on CNH Industrial to ‘BBB’