Long-Term Local Currency Senior Unsecured Issues Danone S.A.

Danone S.A.

Rating	Watch	Outlook	Decision Date	Action Validity Date	Maximum Validity
BBB+		Outlook STA	05.03.2020	12.03.2020
BBB+			28.09.2018	08.10.2018

12.03.2020

Based on the unsolicited corporate issuer rating of Danone S.A. (BBB+ / stable) Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by Danone S.A. The rating objects in question are exclusively long-term senior unsecured issues denominated in Euro, which have been issued by Danone S.A. and included in the list of ECB-eligible marketable assets. The ECB list of eligible marketable assets can be found on the ECB´s website. All the following issues (ISIN) are rated with BBB+ / stable.
08.10.2018

Based on the unsolicited corporate issuer rating of Danone S.A. (group) (BBB+/stable), Creditreform Rating has conducted unsolicited corporate issue ratings (ISIN) issued by Danone S.A. (group).
The rating objects in question are exclusively long term senior unsecured issues denominated in Euro, which have been issued by Danone 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+.