Dufferin Wind Power Inc.: Rating Report
On September 25, 2020, DBRS Limited (DBRS Morningstar) confirmed Dufferin Wind Power Inc.’s (the Issuer) Issuer Rating and the rating on the 4.317% Series 1 Senior Secured Bonds due November 30, 2033 (the Bonds) at BBB (high) with Stable trends. The Issuer is a special-purpose entity created to acquire, develop, own, and operate the 91.4-megawatt Dufferin Wind project (the Project), located in Dufferin County, Ontario. The Issuer is indirectly and wholly owned by the Project Sponsor, China Longyuan Power Group Corporation Limited. All energy is sold directly into the Independent Electricity System Operator transmission grid under a Feed-In-Tariff Contract that expires on November 30, 2034, which is 12 months after the scheduled full repayment of the Bonds. The $200 million Bonds were issued on October 22, 2015; approximately $161.5 million is currently outstanding.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.