DBRS Assigns AAA Rating to CDP Financial Inc.’s USD 2 Billion Notes

DBRS Limited (DBRS) assigned a rating of AAA with a Stable trend to the USD Senior Notes issued by CDP Financial Inc. The USD 2 billion Senior Notes have a coupon rate of 2.75% and a maturity date of March 7, 2022. CDP Financial Inc. is a wholly owned financing subsidiary of Caisse de dépôt et placement du Québec (La Caisse; rated AAA with a Stable trend by DBRS). The Notes are unconditionally and irrevocably guaranteed by La Caisse and rank pari passu with all other present and future unsecured and unsubordinated indebtedness of CDP Financial Inc.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodologies are Rating Canadian Public Pension Funds & Related Exclusive Asset Managers and Structured Finance Flow-Through Ratings, which can be found on dbrs.com under Methodologies & Criteria.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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