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DBRS Raises Ford Credit Canada's Ratings

1 July 1999

DBRS Raises Ford Credit Canada Limited's Ratings for Commercial Paper and Long-Term Debt

    DEARBORN, June 30 -- Dominion Bond Rating Service Limited
announced that it has upgraded the commercial paper and senior debt ratings
for Ford Credit Canada Limited, a subsidiary of Ford Motor Credit Company.
The ratings are being increased to R-1 (middle) and A (high), for the
commercial paper and long-term debt respectively.
    "The upgrade in our short- and long-term debt ratings will expand the
market for our debt," said Stephen Sholty, financial sales manager.  "DBRS is
a highly respected Canadian rating agency and we are pleased with their
assessment of our credit strength."
    Ford Credit Canada Limited is a direct issuer of commercial paper with
over C$5 billion outstanding in the Canadian Money Market.
    The debt is unconditionally guaranteed by Ford Motor Credit Company, which
is an indirect wholly owned subsidiary of Ford Motor Company .