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Bulletin: Capital Power LP and Capital Power Corp. Ratings Unaffected By Announced Sale Of Interests In Capital Power Income LP Jun 11
Standard & Poors, June 2011
Abstract
TORONTO (Standard & Poor's) June 21, 2011-Standard & Poor's Ratings Services today said that the announced sale to Atlantic Power Corp. (ATP, not rated) of Capital Power L.P.'s (CPLP; BBB/Stable/--) 29.2% equity interests in Capital Power Income L.P. (CPI; BBB/Watch Neg/--) does not affect the ratings of CPLP and its parent, Capital Power Corp. (CPC, BBB/Stable/--). The sale is subject to a favorable vote by CPI's unitholders and ATP's shareholders, and the necessary regulatory approval. We expect the transaction to be completed in fourth-quarter 2011 and for CPLP to use the sale proceeds to partially fund its own sizable growth plan. We note, however, that the risk profiles and financing of future acquisitions could affect CPLP's risk profile. We believe...
Companies mentioned in this report are: Capital Power L.P.,Atlantic Power Limited Partnership,Capital Power Corp.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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