S&P Global Ratings 10:51 AM EST, 12/07/2021 (MT Newswires) -- S&P Global Ratings on Tuesday assigned its BBB- global scale rating to up to US$275 million perpetual subordinated notes of Brookfield BRP Holdings (Canada) Inc.
The notes are guaranteed, on a subordinated basis, by parent company Brookfield Renewable Partners L.P. (BEP-UN.TO). The offering is a green bond issuance.
The long-term issuer credit rating on the parent company is BBB+, and the outlook is stable.
Brookfield Renewable Partners' shares edged up 0.9% on last look on Tuesday.
Price: 44.37, Change: +0.43, Percent Change: +0.98