Research Update: Brookfield Renewable Energy Partners L.P. Rated 'BBB'; Ratings On Brookfield Renewable Power Inc. And Fund Withdrawn Jan 12
- Language: English
- Published: January 2012
Strong business and geographic diversity of the company's investment portfolio Improved cash flow visibility through higher proportion of contracted revenue and low-cost operations Benefits from strategic relationship with parent Cash flow coverage measures weak for the rating Variability of remitted cash flow magnified by substantial use of project-level debt Earnings volatility associated with unpredictable power prices and hydrology conditions The ratings on Brookfield Renewable Power Inc. (BRPI) reflect Standard & Poor's Ratings Services' view of the company's satisfactory business risk profile, which itself reflects the company's diversified electricity generation asset portfolio, as well as the cost-competitive position of its hydroelectric assets with an increased proportion of contracted revenue. We also base the ratings on what we view as BRPI's intermediate...
Companies mentioned in this report are: Brookfield Renewable Power Inc.,Brookfield Asset Management Inc.,Brookfield Renewable Power Fund
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: Full Analysis
SHOW LESS READ MORE >
Brookfield Renewable Power Inc.,Brookfield Asset Management Inc.,Brookfield Renewable Power Fund