|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Brookfield Renewable Power Inc., Fund Ratings Unaffected By Announced Combination Of Renewable Power Businesses Sep 11
Standard & Poors, Sep 2011
Abstract
TORONTO (Standard & Poor's) Sept. 13, 2011--Standard & Poor's Ratings Services today said that it does not expect the announced strategic combination of Brookfield Asset Management Inc.'s (BAM; A-/Stable/A-2) renewable power assets to affect the ratings of Brookfield Renewable Power Inc. (BRPI; BBB/Stable/A-2) and Brookfield Renewable Power Fund (BRPF; BBB/Stable/--), or their approximately C$1.1 billion rated unsecured debt and C$250 million of preferred shares. The reorganization, which involves combining BRPI's renewable power assets with BRPF's renewable portfolio under the to-be-created Brookfield Renewable Energy Partners L.P. (BREP) is subject to security holder and regulatory approvals. We understand that at the transaction's completion, BREP and its subsidiaries will assume BRPI's corporate-level debt and BRPF's preferred shares, subject to security holder approvals. We...
Companies mentioned in this report are: Brookfield Renewable Power Inc.,Brookfield Asset Management Inc.,Brookfield Renewable Power Fund
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.
|
|
|
|
