DBRS Rates Pembina Pipeline Corp’s New Issue at BBB (high) with a Stable Trend

DBRS has today assigned a rating of BBB (high) with a Stable trend to Pembina Pipeline Corporation’s (the Company) $250 million of 4.89% senior unsecured notes (the Unsecured Notes), maturing March 29, 2021. The Unsecured Notes are expected to settle on March 29, 2011.

The Unsecured Notes will rank equally with the Company’s existing and future unsecured and unsubordinated indebtedness, and the net proceeds from the offering will primarily be used to repay indebtedness, to finance capital expenditures, and for 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.