Capital Power Corporation: Rating Report
On April 6, 2023, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Unsecured Debt rating of Capital Power Corporation (CPC or the Company) at BBB (low) with Stable trends. This confirmation reflects CPC’s relatively stable long-term business risk and financial profile. DBRS Morningstar also confirmed the Company’s Preferred Shares rating at Pfd-3 (low) with a Stable trend and the Company's Subordinated Notes at BB with a Stable trend.
Capital Power is engaged in the building, owning and operating of power plants and managing its related electricity and natural gas portfolios by undertaking trading and marketing activities within Canada and the United States.
Capsensixx AG is a Germany-based holding company engaged in the financial sector. Through its subsidiaries, the Company offers fund management, administration and accounting, which comprise the segment Fund Admin and the activities of Axxion SA, as well as capital markets and corporate services, which comprise the Securitization segment and the activities of Oaklet GmbH. Axxion provides services for private label funds under Luxembourg and German law throughout their entire life cycle, from issuance and listing, through day-to-day administration until final redemption or liquidation. It offers advice and execution in fund creation, as well as portfolio management and sales support, among others. Oaklet provides integrated advice to banks, insurance companies and asset managers on how to execute securitization. In addition, the Company invests in start-up companies in the area of digitization and information technology (IT) services.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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