Credit Rating Report

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

Pension Funds

Summary

DBRS Limited (DBRS) confirmed the Issuer Rating of Caisse de dépôt et placement du Québec (La Caisse or CDPQ) at AAA and CDP Financial Inc.’s Long-Term Debt rating at AAA and Canadian Short-Term Promissory Notes, U.S. Commercial Paper Notes and Euro Commercial Paper Notes ratings at R-1 (high). All trends are Stable.

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