DBRS Rates Enbridge Pipelines Inc. New Issue at A (high), Stable Trend

DBRS has today assigned a rating of A (high) with a Stable trend to Enbridge Pipelines Inc.’s $250 million 2.93% unsecured medium-term notes (the Notes) issue maturing on September 8, 2015.

The Notes will rank equally with all of Enbridge Pipelines Inc.’s existing senior unsecured indebtedness. Net proceeds from the issue will be used to repay short-term indebtedness and for other general corporate purposes.

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.