DBRS Rates Pembina New Issue at BBB, Stable Trend

DBRS has today assigned a rating of BBB with a Stable trend to Pembina Pipeline Corporation’s (Pembina) issue of CAD 450 million 3.77% Unsecured Medium-Term Notes, Series 2 (the Notes) maturing on October 24, 2022, with an expected settlement date of October 22, 2012.

The Notes rank equally with all other unsecured and unsubordinated indebtedness of Pembina. Net proceeds from the issue will be used to pay down existing bank indebtedness.

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