The Globe and Mail reports in its Wednesday, Oct. 15, edition that RBC Dominion Securities analyst Nelson Ng downgraded Green Impact Partners to "sector perform" from "outperform" due to ongoing delays in finalizing the sale of its water and recycling facilities, increasing financial uncertainty. The Globe's David Leeder writes that Mr. Ng cut his share target back by a loonie to $5. Analysts on average target the shares at $6.50. Mr. Ng says in a note: "The continued delay in the $54-million pending sale of Green Impact's water and recycling facilities stems from the purchaser's failure to meet its closing obligations under the purchase agreement, despite multiple extensions. While Green Impact has received non-refundable deposits totalling $2.25-million, the delay has left the company in default on certain conditions of its corporate credit facility, creating financial strain. This has hindered Green Impact's plans to improve its liquidity position by repaying its credit facility, which remains callable by the lender. Although Green Impact continues to receive interest from other parties, with one reportedly conducting advanced due diligence, there are no assurances that a new agreement will be reached or finalized."