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 issue of CAD 400 million 4.24% senior unsecured medium-term notes (the Notes) maturing on August 27, 2042, with an expected settlement date of August 27, 2012.

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