Press Release

DBRS Finalizes BBB (high) Rating on BRP Finance ULC Senior Unsecured Notes

Utilities & Independent Power
February 16, 2012

DBRS has today finalized its provisional rating of BBB (high) with a Stable trend on BRP Finance ULC’s issue of $400 million 4.79% senior unsecured notes (the Notes) due February 7, 2022. The Notes are fully and unconditionally guaranteed by Brookfield Renewable Energy Partners LP (rated BBB (high) with a Stable trend).

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology for this rating is Rating Companies in the Non-Regulated Electric Generation Industry, which can be found on our website under Methodologies.