Fitch Withdraws Deere & Co's Ratings

Business Wire, August 23, 2006

CHICAGO -- Fitch Ratings affirms the senior unsecured long-term debt and commercial paper ratings of Deere & Co. and its subsidiaries, including John Deere Capital Corp. at 'A' and 'F1'. The Rating Outlook remains Stable. In addition, Fitch simultaneously withdraws all ratings for these issuers. The withdrawn ratings are as follows:

Deere & Co.

--Issuer Default Rating (IDR) 'A';

--Senior unsecured notes 'A';

--Commercial paper 'F1'.

John Deere Capital Corp.

--Issuer Default Rating (IDR) 'A';

--Short-term issuer 'F1';

--Senior debt 'A';

--Commercial paper 'F1'.

John Deere Credit Ltd.

--Issuer Default Rating (IDR) 'A';

--Short-term issuer 'F1';

--Commercial paper 'F1'.

John Deere Bank S.A.

--Issuer Default Rating (IDR) 'A';

--Short-term issuer 'F1';

--Senior debt 'A';

--Commercial paper 'F1'.

John Deere Finance S.A.

--Issuer Default Rating (IDR) 'A';

--Short-term issuer 'F1';

--Senior debt 'A';

--Commercial paper 'F1'.

John Deere Credit Group, PLC

--Issuer Default Rating (IDR) 'A';

--Short-term issuer 'F1';

--Commercial paper 'F1'.

John Deere B.V.

--Issuer Default Rating (IDR) 'A';

--Short-term issuer 'F1';

--Commercial paper 'F1'.

John Deere Credit, Inc.

--Issuer Default Rating (IDR) 'A';

--Short-term issuer 'F1';

--Senior debt 'A';

--Commercial paper 'F1'.

John Deere Limited (Australia)

--Issuer Default Rating (IDR) 'A';

--Short-term issuer 'F1';

--Senior debt 'A';

--Commercial paper 'F1'.

John Deere Limited (Canada)

--Short-term issuer 'F1';

--Commercial paper 'F1'.

John Deere Ltd.

--Issuer Default Rating (IDR) 'A';

--Short-term issuer 'F1';

--Senior debt 'A';

--Commercial paper 'F1'.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.