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 $200 million 3.839% senior unsecured medium-term notes issue of Inter Pipeline Fund maturing July 30, 2018. The issue is expected to settle on July 29, 2011.

Net proceeds from the sale of the above-noted securities will be used to pay down bank indebtedness.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating North American Pipeline and Diversified Energy Companies, which can be found on the DBRS website under Methodologies.