DBRS confirms Ontario Power

DBRS said it confirmed the unsecured debt and commercial paper ratings of Ontario Power Generation Inc. at A (low) and R-1 (low), respectively, with stable trends.

The rating confirmations reflect (1) the relatively stable earnings contribution from Ontario Powe's regulated electricity generation businesses, which accounted for about 80% of total generation output produced in 2011, (2) a reasonable regulatory environment and (3) a good financial profile, the agency said.

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