The Caisse de dépôt et placement du Québec responds to Standard & Poor's update

    MONTREAL, Feb. 26 /CNW Telbec/ - The Caisse de dépôt et placement du
Québec has taken note of the research update by Standard & Poor's placing the
institution's AAA long-term issuer credit rating on "credit watch with
negative implications" for the next three months, on the basis of the
information available to it.
    The AAA long-term rating is the highest in Canada. The agency specified
that it may or may not revise it downward at the end of the credit-watch
    The Caisse stated that it would work closely with the agency 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 agency also stated, "We continue to believe the Caisse's ability to
meet all its financial obligations is strong."
    The agency also said it did not expect to change the Caisse's A-1+ rating
for short-term borrowing.
    Yesterday, the agency DBRS issued a press release confirming the Caisse's
solid credit profile.

    About the Caisse de dépôt et placement du Québec

    The Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and private pension and insurance
plans. As at December 31, 2008, it held $120.1 billion of net assets. As one
of the leading institutional fund managers in Canada, the Caisse invests in
the main financial markets as well as in private equity and real estate. For
more information:

For further information:

For further information: Maxime Chagnon, (514) 847-5493, Cell: (514)

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