Credit Rating Report

Northwestern Hydro Acquisition Co III LP: Credit Rating Report

Project Finance

Summary

On March 17, 2025, DBRS Limited (Morningstar DBRS) confirmed the Issuer Rating of Northwestern Hydro Acquisition Co III LP and the credit rating of its $538 million Senior Secured Bonds - Series 2038-1 and Senior Secured Bonds - Series 2038-2 at BBB. All trends changed to Stable from Negative.

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