DBRS Finalizes Brookfield Renewable Power Preferred Equity Inc. Rating and Releases Report on Brookfield Renewable Power Fund
DBRS has today finalized the provisional rating of Pfd-3 (high), with a Stable trend, on the $250 million of 5.25% Preferred Shares, Series 1 issued by Brookfield Renewable Power Preferred Equity Inc. (Finco) and has released a report on Brookfield Renewable Power Fund (BRPF or the Fund). The Finco rating is based on the subordinated guarantee of the Fund.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The Preferred Shares, Series 1 of Brookfield Renewable Power Preferred Equity Inc. are guaranteed by Brookfield Renewable Power Fund on a subordinated basis.
The applicable methodology is Rating Utilities (Electric, Pipelines & Gas Distribution), which can be found on our website under Methodologies.
This is a Corporate (Utilities & Independent Power) rating.
The full report providing additional analytical detail is available by clicking on the link under Related Research at the right of the screen or by contacting us at info@dbrs.com.
Ratings
| Issuer | Debt Rated | Rating Action | Rating | Trend | Notes | Published |
|---|---|---|---|---|---|---|
| Brookfield Renewable Power Preferred Equity Inc. | Preferred Shares, Series 1 | Provis.-Final | Pfd-3 (high) | Stb | Mar 10, 2010 |