CDP Financial Inc. -- Moody's assigns Prime-1 rating to CDP Financial's US CP Program; affirms all other ratings

Toronto, November 15, 2013 -- Moody's Investors Service has assigned a (backed) Prime-1 rating to the new US commercial paper (CP) program of CDP Financial Inc. (CDP). The program is unconditionally and irrevocably guaranteed by the Caisse de dépôt et placement du Québec (the Caisse; unrated). The new US CP program will complement the existing Canadian CP program by providing funding diversification as well as a moderate degree of incremental leverage. At the same time, Moody's affirmed CDP's Aaa issuer rating and (backed) Aaa senior unsecured debt rating, as well as the Prime-1 rating of its domestic CP program. The rating outlook is stable.

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