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Bulletin: Brookfield Renewable Power Inc. Ratings Unaffected By Announced Prime Infrastructure Group Transaction Aug 10
Standard & Poors, Aug 2010
Abstract
TORONTO (Standard & Poor's) Aug. 24, 2010--Standard & Poor's Ratings Services today said that the announcement of a proposed merger between Brookfield Infrastructure Partners L.P. (BIP; currently 40% owned by Brookfield Renewable Power Inc. [BRPI]; not rated) and Prime Infrastructure Group (currently 40% owned by BIP; not rated) would not by itself affect the ratings on BRPI (BBB-/Stable/A-3). Upon completion, BRPI's ownership in the merged entity could fall to 28%-39%, depending on the existing eligible Prime shareholders exercising the cash-exit option. The transaction is, in our view, consistent with BRPI's role as a subholding company within the Brookfield group, focusing on renewable power generation and infrastructure assets; and our expectation that BRPI could continue to alter its investment portfolio. While...
Companies mentioned in this report are: Brookfield Renewable Power 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.
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