DBRS Assigns BRP Preferred Equity Inc. Preference Shares Rating of Pfd-3 (high), Stable

DBRS has today assigned a rating of Pfd-3 (high) with a Stable trend to the $250 million Class A Preference Shares, Series 3, issued by Brookfield Renewable Power Preferred Equity Inc. and guaranteed by Brookfield Renewable Energy Partners L.P. (BREP; rated BBB (high) with a Stable trend). BREP plans to use the net proceeds of the issuance for repayment of existing indebtedness and for general corporate purposes.

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.