DBRS Rates Enbridge Inc.’s New Issues at “A”, Stable Trend

DBRS has today assigned a rating of “A” with a Stable trend to Enbridge Inc.’s $200 million 4.26% unsecured medium-term notes (Notes) issue maturing February 1, 2021 and its $100 million 5.12% Notes issue maturing September 28, 2040. The issues are expected to settle on September 28, 2010.

The Notes rank equally with all of Enbridge Inc.’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 Enbridge Inc.

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 the DBRS website under Methodologies.