DBRS Rates Capital Power Corporation’s $200 Million Preferred Share Issue at Pfd-3 (low), Stable Trend

DBRS Limited (DBRS) has today assigned a rating of Pfd-3 (low) with a Stable trend to the $200 million of Cumulative Minimum Rate Reset Preference Shares, Series 7 (Preferred Shares) issued by Capital Power Corporation (Capital Power). The offering of the Preferred Shares settled on October 4, 2016.

The Preferred Shares rank on parity with Capital Power’s existing preference shares and carry the same rating that DBRS has assigned to the existing preference shares.

Note:
The applicable methodologies are Rating Companies in the Independent Power Producer Industry, Rating Holding Companies and Their Subsidiaries, and Preferred Share and Hybrid Criteria for Corporate Issuers, which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.