DBRS Rates Enbridge Pipelines Inc. New Issue at “A”, Stable Trend

DBRS has today assigned a rating of “A” with a Stable trend to Enbridge Pipelines Inc.’s $150 million 2.93% unsecured medium-term notes (the Notes) issue maturing on November 30, 2022.

The Notes will rank equally with all of Enbridge Pipelines Inc.’s existing senior unsecured indebtedness. Net proceeds from the issue will be used to repay short-term indebtedness and for other general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

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 (May 2011), which can be found on our website under Methodologies.