We are assigning our 'A-3' short-term issuer credit rating to Ford Motor Co. (Ford) and Ford Motor Credit Co. LLC (FMCC) and our 'A-3' global scale commercial paper (CP) rating to FMCC's proposed CP program (not to exceed $7 billion). Our other ratings on the companies, including our 'BBB-' long-term issuer credit ratings, remain unchanged. The ratings on FMCC reflect its "core" status to its parent, Ford. On June 27, 2014, Standard&Poor's Ratings Services assigned its 'A-3' short-term issuer credit rating to Ford Motor Co. (Ford) and Ford Motor Credit Co. LLC (FMCC) and its 'A-3' global scale commercial paper (CP) rating to FMCC's CP program. We expect that the outstanding amounts (not to exceed $7 billion) under