CDP Financial Inc.

Created in 1965, the Caisse de dépôt et placement du Québec (CDPQ) is a public-sector entity with the mandate to manage funds for private- and public-sector depositors, which include public-sector pension and insurance plans and some government entities. CDP Financial Inc. (CDP Financial) is a wholly owned subsidiary of CDPQ set up to develop financing programs to meet the needs of CDPQ's investment groups. The ratings on the debts issued by CDP Financial are predicated on the unconditional and irrevocable guarantees provided by CDPQ.