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Brookfield Renewable Power Inc. 'BBB' CCR Affirmed On Cash Flows In Line With Expectations; Outlook Stable Jul 11
Standard & Poors, July 2011
Abstract
We are affirming our 'BBB' long-term rating on Brookfield Renewable Power Inc. (BRPI). At the same time, we are revising our short-term rating on BRPI to 'A-2' from 'A-3', based on the 'BBB' long-term rating and the company's adequate liquidity. The rating action follows our assessment that the company's cash flows remain in line with our expectations despite challenging hydrology in 2010. The stable outlook reflects our view that BRPI's improved business risk profile and strong financial flexibility support the ratings despite our concerns about its high debt and resulting weak coverage measures for the ratings. TORONTO (Standard & Poor's) July 20, 2011--Standard & Poor's Ratings Services today said it affirmed its 'BBB' long-term corporate credit rating on Toronto-based Brookfield...
Companies mentioned in this report are: Brookfield Renewable Power Inc.
Action: Affirmed
Action: Outlook: Stable
Action: Upgraded
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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