Credit Rating Report

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

Consumers

Summary

DBRS Ratings Limited (DBRS Morningstar) 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 trends are Stable.

Ratings

Nestle Capital Canada Ltd.
  • Date Issued:Dec 4, 2019
  • Rating Action:Confirmed
  • Ratings:R-1 (middle)
  • Trend:Stb
  • Rating Recovery:
  • Issued:UKU
Nestle S.A.
  • Date Issued:Dec 4, 2019
  • Rating Action:Confirmed
  • Ratings:AA (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:UKU
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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