DBRS Rates Westcoast Energy Inc. New Issue at A (low)

DBRS has today assigned a rating of A (low) with a Stable trend to Westcoast Energy Inc.’s (Westcoast) $250 million of 3.12% unsecured Medium Term Notes (the Notes) maturing on December 5, 2022. The issue is expected to settle on December 3, 2012.

The Notes will rank equally with all of Westcoast’s other senior unsecured indebtedness. Net proceeds from the issue will be used for 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.