DBRS Rates Westcoast Energy Inc.’s New Issue at A (low)

DBRS has today assigned a rating of A (low) with a Stable trend to the proposed issuance of $250 million 4.57% medium-term notes (the Notes) of Westcoast Energy Inc. (Westcoast or the Company) maturing July 2, 2020. The issue is expected to settle on July 2, 2010.

The Notes will rank equally with all of the Company’s other senior unsecured indebtedness. Net proceeds from the issue will be used for general corporate purposes, which may include repayment of outstanding indebtedness and financing capital expenditures and investments of Westcoast.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating North American Energy Utilities (Electric, Natural Gas, and Pipelines), which can be found on our website under Methodologies.

This is a Corporate (Energy) rating.