Credit Rating Report

Nestlé Capital Canada Ltd. and Nestlé S.A.: Rating Report

Consumers

Summary

DBRS Limited (DBRS) confirmed the Issuer Rating of Nestlé S.A. (Nestlé or the Company) at AA (low) and the Commercial Paper (CP) rating of Nestlé Capital Canada Ltd. at R-1 (middle), all with Stable trends.

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