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
Caisse on “credit watch”
- By: IE Staff
- February 27, 2009 February 27, 2009
- 14:35