DBRS Rates Inter Pipeline Fund’s New Issue at BBB (high), Stable Trend

DBRS has today assigned a rating of BBB (high) with a Stable trend to the proposed $325 million 4.967% senior unsecured medium-term notes issue of Inter Pipeline Fund maturing February 2, 2021. The issue is expected to settle on February 2, 2011.

Net proceeds from the sale of the above-noted securities will be used for repayment of outstanding bank indebtedness.

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