DBRS Assigns Provisional Rating of Pfd-3 (high) to Preferred Shares of Brookfield Renewable Power Preferred Equity Inc.

DBRS has today assigned a provisional rating of Pfd-3 (high), Under Review with Developing Implications, to the Class A Perpetual Preferred Shares, Series 5, to be issued by Brookfield Renewable Power Preferred Equity Inc. and guaranteed by Brookfield Renewable Energy Partners LP (BREP; rated BBB (high), Under Review with Developing Implications). BREP plans to use the net proceeds for debt repayment and general corporate purposes.

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 methodologies are Rating Companies in the Non-Regulated Electric Generation Industry, Rating Holding Companies and Their Subsidiaries and DBRS Criteria: Preferred Share and Hybrid Criteria for Corporate Issuers (Excluding Financial Institutions), which can be found on our website under Methodologies.