Credit Rating Report

Northwestern Hydro Acquisition Co III LP: Rating Report

Project Finance

Summary

On March 16, 2020, DBRS Limited (DBRS Morningstar) confirmed Northwestern Hydro Acquisition Co III LP’s (the Issuer) Issuer Rating; the Issuer's Senior Secured Bonds, Series 2038-1; and the Issuer's Senior Secured Bonds Series 2038-2 (together, the Bonds) at A (low) with Stable trends.

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