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S&P Global Ratings raises its rating on CNH Industrial to ‘BBB+’

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CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) has received an upgrade in its long-term issuer credit ratings from S&P Global Ratings to 'BBB+' from 'BBB', with a stable outlook. The company is a global leader in equipment and services, with a focus on Innovation, Sustainability, and Productivity. Its diverse portfolio includes agricultural and construction products, digital technologies, and autonomous systems. With a history spanning over two centuries, CNH Industrial continues to drive customer efficiency and success, with a workforce of 40,000+ employees.
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Basildon, December 1, 2023

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that on November 30, 2023, S&P Global Ratings raised its long-term issuer credit ratings on CNH Industrial N.V. and its subsidiary, CNH Industrial Capital LLC, to 'BBB+' from 'BBB'. S&P Global Ratings also affirmed the 'A-2' short-term issuer credit rating.

Additionally, S&P Global Ratings raised the issue-level ratings on CNH Industrial N.V. and its industrial subsidiaries' debt, as well as the issue-level ratings on CNH Industrial Capital LLC's senior unsecured debt, to 'BBB+' from 'BBB'.

The outlook is stable.

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Hemisphere, a leading designer and manufacturer of high-precision satellite-based positioning and heading technologies; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 40,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Contacts:

Media Relations
Email: mediarelations@cnhind.com

Investor Relations
Email: investor.relations@cnhind.com

Attachment


S&P Global Ratings raised the long-term issuer credit ratings to 'BBB+' from 'BBB', with a stable outlook.

S&P Global Ratings affirmed the 'A-2' short-term issuer credit rating.

CNH Industrial offers a diverse portfolio, including Case IH, New Holland Agriculture, CASE, New Holland Construction Equipment, STEYR, Raven, Hemisphere, Flexi-Coil, Miller, Kongskilde, and Eurocomach, covering agriculture, construction, digital technologies, and autonomous systems.

The company's purpose is 'Breaking New Ground', centered on Innovation, Sustainability, and Productivity, providing strategic direction, R&D capabilities, and investments for its global and regional Brands.

CNH Industrial has a workforce of 40,000+ employees, forming a diverse and inclusive workplace focused on empowering customers to grow and build a better world.
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About CNHI

cnh industrial is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. each of the individual brands belonging to the group is a major international force in its specific industrial sector: case ih, new holland agriculture and steyr for tractors and agricultural machinery; case and new holland construction for earth moving equipment; iveco for commercial vehicles; iveco bus and helieuz bus for buses and coaches; iveco astra for quarry and construction vehicles; magirus for firefighting vehicles; iveco defence vehicles for defence and civil protection; and fpt industrial for engines and transmissions. more information can be found on the corporate website: www.cnhindustrial.com for more information about careers at cnh industrial, please visit cnh industrial section on linkedin or careers section on the www.cnhindustrial.com website.