Rating | CDP

Rating

CDP's key role within the Italian economy, its strong fundamentals, and the presence of a State guarantee on postal savings are among the factors behind CDP's high credit quality according to leading credit rating agencies. 

The sound sustainability governance, the strong integration of the ESG strategy within the core business, and a high degree of transparency and accountability towards stakeholders support CDP's positioning among the industry's best-in-class based on ESG ratings from leading market providers.

 

 

  STANDARD & POOR'S MOODY'S(1) FITCH RATINGS SCOPE
Highlights
  • Integral link with the Italian Government
     
  • Critical role for Italian economy
     
  • Very low risk profile and stable funding structure
  • High probability of Italian Government support
     
  • Negligible stock of problem loans
     
  • Solid funding structure
  • Strong State link
     
  • Significant share of liabilities guaranteed by the Italian Government
     
  • High profitability and revenue stability
  • High level of integration with Italian Government
     
  • Strong credit support from the State guarantee on postal savings
     
  • Solid fundamentals
Short-Term

A - 2

 P - 2 F - 1 S - 2
Long-Term BBB+ Baa2 BBB+ BBB+
Outlook Positive Stable Stable Positive
Last Rating Action 03/02/2026 25/11/2025 24/10/2025 12/11/2025

(1) Unsolicited

 

  ISS ESG Morningstar Sustainalytics(1)
Highlights
  • Progress on climate-related aspects, with energy and GHG emission intensity below the industry benchmark
     
  • Social & Governance Rating at B- level
     
  • Very High Transparency Level (i.e. capacity to transparently disclose information and data)
  • Robust ESG disclosure practices, signaling a high degree of accountability towards stakeholders
     
  • Solid and above-average ESG risk management at the governance level 
     
  • Strong integration of the corporate sustainability strategy within the core business 
 
Score/Rating C (Prime Status) 4.3
Last Update Jan-25 Oct-25


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