Caterpillar Inc.: Rating Report

Ratings

• Caterpillar Financial Services Corporation

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi 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
  16-May-23	Issuer Rating	A	Stb	Confirmed	CA

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• Caterpillar Financial Services Limited

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi 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
  16-May-23	Medium-Term Notes	A	Stb	Confirmed	CA
  16-May-23	Commercial Paper	R-1 (low)	Stb	Confirmed	CA

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• Caterpillar Inc.

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi 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
  16-May-23	Issuer Rating	A	Stb	Confirmed	CA
  16-May-23	Senior Unsecured Debt	A	Stb	Confirmed	CA

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