|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Great Lakes Hydro Income Fund Stability Rating Unaffected By Acquisition Jun 06
Standard & Poors, June 2006
Abstract
TORONTO (Standard & Poor's) June 8, 2006--Standard & Poor's Ratings Services today said its Canadian stability rating on Great Lakes Hydro Income Fund (SR-2/Stable; DPA: Moderately Aggressive) will not be affected by the fund's recently announced C$52.5 million acquisition of the Carmichael Falls Generating Station from Brookfield Power Inc. (BBB/Stable/A-2). The facility, on the Groundhog River in the District of Cochrane in northern Ontario, has been operated and managed by Brookfield for the past three years, and will continue to be managed by Brookfield, which owns 50.1% of the fund. The acquisition, which is subject to regulatory approval, is expected to close later this quarter and will be financed with cash on hand. The hydroelectric facility is expected to generate...
Companies mentioned in this report are: Brookfield Renewable Power Inc.
Action: General Comment
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.
|
|
|
|
