Fitch Ratings affirmed CNH Industrial Capital LLC's BBB- long-term issuer default rating and BBB- senior unsecured debt rating.

The rating agency also affirmed the company's F3 short-term issuer default rating and F3 commercial paper rating.

The ratings outlook is stable.

The ratings reflect CNH Industrial NV's 100% ownership of CNH Industrial Capital, shared branding between the two companies, and the importance of CNH Industrial Capital to the achievement of CNH Industrial NV's strategic goals of providing financing across CNH Industrial NV's businesses, including agricultural equipment, construction equipment, commercial vehicles and powertrain.