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Cassa Depositi e Prestiti Spa (Cdp) announces that, on 13 April 2012, the rating agency Moody’s has lowered the rating on Cdp’s Covered Bond Programme from Aa1 on review for downgrade to Aa2.
The decision, which concludes the review initiated on 6 October 2011, is driven by the introduction by Moody’s of a Aa2 "rating ceiling" for any structured finance instrument issued by an Italian entity, irrespective of its specific characteristics.
Rome, 16 April 2012