Scope Ratings upgraded the issuer ratings of Merck KGaA and its financing subsidiaries Merck Financial Services GmbH and EMD Finance LLC to A/Stable from A-/Positive on 17 October 2022.

This monitoring note does not constitute a rating action, nor does it indicate the likelihood of a credit rating action in the short term. The latest information on the credit ratings in this monitoring note along with the associated rating history can be found on www.scoperatings.com.

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