Downgrade of Fitch ratings on CDP

Press release

Downgrade of Fitch ratings on CDP

Cassa depositi e prestiti Spa (CDP) announces that the rating agency Fitch has lowered the long and short-term ratings on CDP from AA-/F1+ to A+/F1, with negative outlook.

Cassa depositi e prestiti Spa (CDP) announces that the rating agency Fitch has lowered the long and short-term ratings on CDP from AA-/F1+ to A+/F1, with negative outlook. 

Simultaneously, the rating agency has downgraded the CDP’s Covered Bond Programme from AA+ to AA.

The decision comes in the wake of the same move taken by the agency for the ratings of the Republic of Italy on 7 October 2011.

 

 

Rome, 11 October 2011

Related documents