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.

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