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Published on 1/10/2024 in the Prospect News Agency DailyProspect News Canadian Bonds Daily, Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

DBRS gives Brookfield notes BBB(high)

DBRS said it gave a BBB(high) credit rating to the C$400 million of 5.318% medium-term notes issued by Brookfield Renewable Partners ULC due Jan. 10, 2054.

The MTNs are guaranteed by Brookfield Renewable Partners LP, Brookfield Renewable Energy LP, Brookfield BRP Holdings (Canada) Inc., BRP Bermuda Holdings I Ltd., Brookfield BRP Europe Holdings (Bermuda) Ltd. and BEP Subco Inc.

The rating is based on an outstanding series of MTNs, DBRS said.

The trend is stable.


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