DBRS Rates Enbridge Inc.’s New Issue at A (low), Stable Trend

DBRS has today assigned a rating of A (low) with a Stable trend to Enbridge Inc.’s $350 million floating-rate medium-term note issue maturing August 19, 2015. The issue is expected to settle on August 19, 2011.

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 Pipeline and Diversified Energy Companies, which can be found on the DBRS website under Methodologies.