Rating agency Standard & Poor’s has placed long-term issuer credit rating of the Caisse de dépôt et placement du Québec on “credit watch with negative implications” for the next three months.

The AAA long-term rating is the highest in Canada.

“We continue to believe the Caisse’s ability to meet all its financial obligations is strong,” S&P stated.

The Caisse says it will work closely with S&P “to provide it with the requested information on the reasons given, namely senior management stability, the Caisse’s strategy for handling the current investment climate, risk management and the institution’s independence vis-à-vis the government.”

The Caisse manages funds primarily for public and private pension and insurance plans.

IE