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Cassa depositi e prestiti Spa (CDP) announces that the rating agency Fitch has lowered the long and short-term ratings on CDP from AA-/F1+ to A+/F1, with negative outlook.
Simultaneously, the rating agency has downgraded the CDP’s Covered Bond Programme from AA+ to AA.
The decision comes in the wake of the same move taken by the agency for the ratings of the Republic of Italy on 7 October 2011.
Rome, 11 October 2011