S&P: Brookfield Renewable Energy view positive

Standard & Poor's said it revised its outlook on Brookfield Renewable Energy Partners LP to positive from stable and affirmed its ratings on the company and subsidiaries Brookfield Renewable Power Equity Inc. and BRP Finance ULC, including its BBB long-term corporate credit rating on Brookfield Renewable Energy Partners.

"The outlook revision reflects our view of BREP's ability to generate strong remittable cash flows from its holdings and its modest level of holding company recourse debt," said S&P credit analyst Stephen Goltz in a news release. "We believe the partnership's diverse portfolio of assets and strong contractual profile also supports its credit quality."

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