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 $400 million 3.776% senior unsecured medium-term notes issue (the Notes) of Inter Pipeline Fund (IPF) maturing May 30, 2022. The issue is expected to settle on or about May 28, 2012.

The Notes will rank equally with all of IPF’s other senior unsecured indebtedness. Net proceeds from the sale of the above-noted securities will be used to pay down existing 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.