DBRS Assigns Final Rating of BBB (low), Stable, to Algonquin Power Co. Senior Unsecure Debentures

DBRS Limited has today assigned a final rating of BBB (low) with a Stable trend to $150 million 4.82% Senior Unsecured Debentures issued by Algonquin Power Co. The maturity date is February 15, 2021.

The net proceeds will be used to fund the previously announced acquisition of a majority interest in a 400 MW portfolio of contracted wind power generation assets in the United States.

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

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodology is Rating Companies in the Non-Regulated Electric Generation Industry (May 2011), which can be found on our website under Methodologies.