Corporate credit ratings
Standard & Poor's | Moody's Ratings | |
Short term | A1 + | P1 |
Long term | AA - | Aa3 |
Outlook | Stable | Stable |
Lead analyst | Maxime Puget | Lorenzo Re |
Date rating / outlook last changed | 28 June 2017 | 22 October 2019 |
Note: These credit ratings and Outlook are subject to revision at any time.
Debt capital markets
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 programs
Program | Currency | Program size | Guarantor | Issuers |
Global Commercial Paper Program | EUR | 25 billion | Nestlé S.A. | Nestlé Capital Corporation (USA) Nestlé Finance International Ltd. (Luxembourg) Nestlé Holding (U.K.) PLC Nestlé Australia Ltd (ACN 000 011 316) |
4(a)(2) US Commercial Paper Program | USD | 25 billion | Nestlé S.A. | Nestlé Capital Corporation (USA) |
NEU CP French Commercial Paper | EUR | 2 billion | Nestlé S.A. | Nestlé Finance International Ltd. (Luxembourg) |
Canadian Commercial Paper | CAD | 1.8 billion | Nestlé S.A. | Nestlé Capital Canada Limited |
Debt Issuance Program (DIP) | Nestlé S.A. | Nestlé Holdings, Inc. (USA) Nestlé Finance International Ltd. (Luxembourg) Nestlé Holdings, Inc. (USA) 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 and/or the Luxemburg Stock Exchange. |