DBRS Rates Enbridge Income Fund’s New Issue at BBB (high), Stable Trend

DBRS has today assigned a rating of BBB (high) with a Stable trend to Enbridge Income Fund’s (the Trust’s) $100 million 4.85% medium term notes, maturing November 12, 2020 (the Senior Notes). The Senior Notes are expected to settle on November 12, 2010.

The Senior Notes will rank pari passu with all the Trust’s existing and future unsecured and unsubordinated indebtedness. The net proceeds from the offering will be used to repay indebtedness of the Trust, including borrowings under its credit facilities.

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.