Press release

Downgrade of Standard & Poor's ratings on CDP

Rome, 21 September 2011

Cassa depositi e prestiti Spa (CDP) announces that today the rating agency Standard & Poor’s has lowered the long and short-term ratings on CDP from A+/A-1+ to A/A-1, with negative outlook.

The decision comes in the wake of the same move taken by the agency for the ratings on the Republic of Italy on 19 September 2011.




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