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

DBRS Limited (DBRS) confirmed the Issuer Rating of Nestlé S.A. (Nestlé) at AA (low) and the Commercial Paper rating of Nestle Capital Canada Ltd. at R-1 (middle), both with Stable trends. DBRS has also released a report that provides further detail on recent rating actions, including the downgrade of Nestle’s ratings on June 30, 2017 (see the DBRS press release “DBRS Downgrades Nestlé S.A. to AA (low) from AA Following Change to Its Capital Structure”).