This monitoring note does not constitute a credit rating action, nor does it indicate the likelihood that Scope will conduct a credit rating action in the short term. On 1 December 2025, Scope affirmed the AA/Stable issuer rating on Sanofi S.A.. Scope also affirmed the rating for the company’s senior unsecured debt at AA and short-term debt at S-1+.

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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