Long-Term Local Currency Senior Unsecured Issues

Pernod Ricard S.A.

Rating	Watch	Outlook	Decision Date	Action Validity Date	Maximum Validity
BBB		Outlook POS	29.05.2019	06.06.2019
BBB			09.10.2018	16.10.2018

06.06.2019

Based on the unsolicited corporate issuer rating of Pernod Ricard S.A. (BBB / positiv) Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by Pernod Ricard S.A. The rating objects in question are exclusively long term senior unsecured issues denominated in Euro, which have been issued by Pernod Ricard S.A. and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECBs website. All the following issues (ISIN) are rated with BBB / positiv.
16.10.2018

Based on the unsolicited corporate issuer rating of Pernod Ricard S.A. (group) (BBB/stable), Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by Pernod Ricard S.A. (group). The rating objects in question are exclusively long term senior unsecured issues denominated in Euro, which have been issued by Pernod Ricard S.A. (group) and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECBs website. All the following issues (ISIN) are rated with BBB.