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

DBRS has today assigned a rating of BBB (high) with a Stable trend to the following Enbridge Income Fund (the Fund) new debt issuance: C$200 million two-year floating senior unsecured Medium Term Notes, Series 8 (the Notes), maturing on November 28, 2014.

The Notes rank equally with all of other senior unsecured and unsubordinated indebtedness of the Fund. Net proceeds from the issue will be used to repay indebtedness of the Fund, including related party indebtedness, and for general corporate purposes.

Note:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com

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