DBRS rates Algonquin Power notes BBB (low)

DBRS said it assigned a final rating of BBB (low) with a stable trend to C$150 million 4.82% senior unsecured debentures due Feb. 15, 2021 issued by Algonquin Power Co.

The proceeds will be used to fund the acquisition of a majority interest in a 400 megawatts portfolio of contracted wind power generation assets in the United States.

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