DBRS Assigns Pfd- 3 (high) Rating to Brookfield Renewable Partners L.P.’s CAD 250 Million Cumulative Minimum Rate Reset Class A Preferred Limited Partnership Units

DBRS Limited (DBRS) assigned a Pfd-3 (high) rating with a Stable trend to Brookfield Renewable Partners L.P.’s (the Partnership) CAD 250 million Cumulative Minimum Rate Reset Class A Preferred Limited Partnership Units, Series 13 (Series 13 Preferred Units). The Partnership intends to use the net proceeds of the issuance of the Series 13 Preferred Units to repay its outstanding indebtedness.

The Series 13 Preferred Units will be fully and unconditionally guaranteed by Brookfield Renewable Energy L.P., Brookfield BRP Holdings (Canada) Inc., BRP Bermuda Holdings I Limited, Brookfield BRP Europe Holdings (Bermuda) Limited and Brookfield Renewable Investments Limited.

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

The principal methodologies are Rating Companies in the Independent Power Producer Industry, DBRS Criteria: Rating Corporate Holding Companies and Their Subsidiaries, DBRS Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers and DBRS Criteria: Guarantees and Other Forms of Support, which can be found dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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