General information

Standard & Poor's Moody's Ratings 
Short term A1 + P1
Long term AA - Aa2
Outlook Stable Stable

The Nestlé Group sources most of its debt financing directly from the debt capital markets. Please find below a list of our principal capital market debt facilities.

Issuance programmes:

Currency Amount Guaranteed Issuers
Global Commercial Paper Programme EUR 8 billion Yes NCC
4(2) US Commercial Paper Programme USD 15 billion Yes NCC
Billets de Trésorerie French Commercial Paper EUR 2 billion Yes NFI
Canadian Commercial Paper CAD 1.2 billion Yes NCCa
Debt Issuance Programme (DIP) Yes NHI and NFI -– NHI also can (and has in the past) issue unguaranteed notes under the DIP. Issues under the DIP may be listed on the London Stock Exchange.


NHI Nestlé Holdings, Inc. (USA)
NCC Nestlé Capital Corporation (USA)
NFI Nestlé Finance International Ltd. (Lux)
NHUK   Nestlé Holding (U.K.) PLC
NAL Nestlé Australia Ltd (ACN 000 011 316)
NCCa Nestlé Capital Canada Limited


Bank facilities

  1. EUR 4.5 billion equivalent – Dual tranche Syndicated Revolving credit facility (including swingline facility) - general corporate purposes - Nestlé S.A. - 5 year facility dated 19 October 2016 and expiring on 19 October 2022. Nestlé has one remaining one-year extension option exercisable at the second anniversary of signing the facility.
  2. EUR 6.5 billion equivalent – Dual tranche Syndicated Revolving credit facility – general corporate purposes – Nestlé S.A. – 364 day facility dated 11 October 2017 and expiring on 10 October 2018. Nestlé S.A. has an extension option for a further 12 month period and a term-out option for a 12 month period.
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