DBRS assigns CDP Financial notes AAA

DBRS said it assigned a rating of AAA with a stable trend to the $2.5 billion of 0.875% senior notes due 2025 issued by CDP Financial Inc.

The rating is based upon the existing rating assigned to CDP Financial’s long-term debt, DBRS said.

The notes have a coupon rate of 0.875% and a maturity date of June 10, 2025. CDP Financial is a wholly owned financing subsidiary of Caisse de depot et placement du Quebec.

The notes are guaranteed by La Caisse and rank pari passu with all other unsecured and unsubordinated indebtedness of CDP Financial, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.