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

DBRS has today assigned a rating of BBB (high) with a Stable trend to the following Enbridge Income Fund (EIF) new debt issuances:

(1) $300 million 4.10% unsecured medium-term notes (MTNs), Series 6, maturing on February 22, 2019.

(2) $200 million 4.85% unsecured MTNs, Series 7, maturing on February 22, 2022.

The MTNs rank equally with all of EIF’s existing senior unsecured indebtedness. Net proceeds from the issues will be used to repay outstanding EIF indebtedness.

Note:
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.