Credit Rating Report

Northwestern Hydro Acquisition Co II LP: Credit Rating Report

Project Finance

Summary

On March 17, 2025, DBRS Limited (Morningstar DBRS) confirmed the Issuer Rating of Northwestern Hydro Acquisition Co II LP and the credit rating of its $546 million Senior Secured Bonds - Series 2036-1 and Senior Secured Bonds - Series 2036-2 at BBB. All trends changed to Stable from Negative.