DBRS Releases Report on Pembina Pipeline Corporation

DBRS has today released a report on Pembina Pipeline Corporation that provides further detail on the recent downgrade of the Senior Unsecured Notes and the 7.38% Senior Secured Notes ratings from BBB (high) to BBB. The trend remains Stable. This action removed the ratings from Under Review with Negative Implications, where they were placed on January 16, 2012, following the announcement that Pembina had agreed to acquire all of the outstanding shares of Provident Energy Ltd. (Provident) (the Acquisition). The Acquisition closed on April 2, 2012.

Today’s report and the March 30, 2012, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.