Credit Rating Report

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

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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. The confirmations and Stable trends reflect DBRS Morningstar's view that the Company is well positioned to weather the pandemic as well as the macroeconomic after effects within the current rating category. For insight beyond the ratings, see the rating report.

Ratings

Nestle Capital Canada Ltd.
Nestle S.A.
  • 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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