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Brookfield Renewable Power Inc. Outlook Revised To Negative On Weaker Power Price Concerns; Short-Term Rating Lowered May 09
Standard & Poors, May 2009
Abstract
TORONTO (Standard & Poor's) May 14, 2009--Standard & Poor's Ratings Services today said it revised its outlook on Brookfield Renewable Power Inc. (BRP) to negative from stable. At the same time, Standard & Poor's lowered its commercial paper rating on the company to 'A-3' from 'A-2'. Standard & Poor's also affirmed its 'BBB' long-term corporate credit and senior unsecured debt ratings on the company. The negative outlook comes despite better-than-expected financial performance in 2008 related to very strong hydrology and strong prices for its spot market exposure. 'We are concerned that a return to average generation levels and continued weakness in the power prices of its key markets could lead to a weaker financial risk profile,' said Standard & Poor's...
Companies mentioned in this report are: Brookfield Renewable Power Inc.
Action: Affirmed
Action: Outlook: Negative
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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