FRANKFURT (S&P Global Ratings) Oct. 30, 2026--S&P Global Ratings today assigned its'A-3'issue rating to Fresenius Medical Care US Finance III Inc's (FME US) new $1 billion commercial paper (CP) program, which will be unconditionally guaranteed by Fresenius Medical Care AG (FME, BBB-/Stable/A-3). The borrowings under the CP program will rank pari passu with all FME and FME US'other unsecured and unsubordinated debt. All of our existing ratings on FME, including the'BBB-'long-term issuer credit rating, remain unchanged. For a detailed credit rating rationale and latest forecasts please see our most recent publication''Fresenius Medical Care AG ,"Sept. 14, 2026. ARCHIVE Criteria Corporates General: Sector-Specific Corporate Methodology , April 4, 2024 Criteria