S&P lowers Capital Power

Standard & Poor's said it lowered the long-term corporate credit rating on Capital Power Income LP and CPI Preferred Equity Ltd. to BB-.

This action follows the completion of Atlantic Power Corp.'s acquisition of Capital Power in November.

A corporate rating of BB- was assigned to Atlantic Power.

As Capital Power and CPI are both wholly owned subsidiaries of Atlantic Power after the close of the transaction, their long-term corporate credit ratings now match those of their corporate parent, S&P said.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.