Caisse de dépôt et placement du Québec and CDP Financial Inc.: Rating Report

Ratings

• CDP Financial Inc.

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  06-Jul-18	Canadian Short-Term Promissory Notes	R-1 (high)	Stb	Confirmed	CA U E
  06-Jul-18	Euro Commercial Paper Notes	R-1 (high)	Stb	Confirmed	CA U E
  06-Jul-18	U.S. Commercial Paper Notes	R-1 (high)	Stb	Confirmed	CA U E
  06-Jul-18	Long-Term Debt	AAA	Stb	Confirmed	CA U E

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• Caisse de dépôt et placement du Québec

  Date Issued	Debt Rated	Rating	Trend	Action	Attributesi US = Lead Analyst based in USA CA = Lead Analyst based in Canada EU = Lead Analyst based in EU UK = Lead Analyst based in UK E = EU endorsed U = UK endorsed Unsolicited Participating With Access Unsolicited Participating Without Access Unsolicited Non-participating
  06-Jul-18	Issuer Rating	AAA	Stb	Confirmed	CA U E

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