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DBRS: Ontario Power unaffected
DBRS said it doesn’t see a material effect on Ontario Power Generation Inc. from the company’s acquisition of C$3 billion of assets.
The purchases will be fully funded through debt.
The power stations being acquired will give Ontario Power an added 2,138 megawatts of generating capacity, DBRS said.
The agency noted that the company’s debt-to-capital and cash flow-to-debt ratios (excluding non-recourse debt) will both remain strong at 34% and more than 30%, respectively.
DBRS rates Ontario Power A(low) with a stable trend.
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