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

DBRS has today assigned a final rating of Pfd-3 (high), Under Review with Developing Implications, to the Class A Perpetual Preferred Shares, Series 5, 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.

Note:
The applicable methodologies are Rating Companies in the Non-Regulated Electric Generation Industry (May 2011), Rating Holding Companies and Their Subsidiaries (September 2012) and DBRS Criteria: Preferred Share and Hybrid Criteria for Corporate Issuers (Excluding Financial Institutions) (November 2012), which can be found on our website under Methodologies