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BULLETIN: Great Lakes Hydro IF's U.S. Assets Acquisition Stability Neutral Nov 03
Standard & Poors, Nov 2003
Abstract
TORONTO (Standard & Poor's) Nov. 20, 2003--Standard & Poor's Ratings Services today said Great Lakes Hydro Income Fund's (Great Lakes) completed US$30 million acquisition of three hydroelectric stations (16.5 MW total capacity) in New Hampshire and Maine from Hafslund (Norwegian power company) will have no effect on the 'SR-2' Canadian stability rating or the positive outlook on the fund. The new assets acquisition is expected to be cash flow accretive and consistent with the fund's existing business risk profile and will marginally add to the growing diversification of Great Lakes' expanding asset base. The stability rating is supported by the fund's strong business profile, with the increasing diversification of its low-risk, low-cost, long-life hydroelectric assets and strong contractual framework supporting...
Companies mentioned in this report are: Brookfield Renewable Power Fund,Brookfield Renewable Power Inc.
Action: S&P Event
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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