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Brookfield Renewable Power Inc. Ratings Affirmed At 'BBB' On Diverse Asset Mix Jun 08
Standard & Poors, June 2008
Abstract
TORONTO (Standard & Poor's) June 5, 2008--Standard & Poor's Ratings Services today said it affirmed its ratings, including its 'BBB' long-term corporate credit rating, on Ontario-based Brookfield Renewable Power Inc. (Brookfield Power; formerly Brookfield Power Inc. and Brookfield Power Corp.). The outlook is stable. 'The ratings on Brookfield Power reflect the company's diversified mix of predominantly hydroelectric generation assets; the excellent competitive position of these assets; and the financial flexibility provided by its strategic relationship with its parent, Brookfield Asset Management Inc.,' said Standard & Poor's credit analyst Kenton Freitag. 'Somewhat offsetting these strengths are Brookfield Power's exposure to hydrological risk, partial exposure to wholesale power market risk, and aggressive leverage,' Mr. Freitag added. Brookfield Power owns approximately 3,900 megawatts...
Companies mentioned in this report are: Brookfield Renewable Power Inc.
Action: Affirmed
Action: Outlook: Stable
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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