DBRS Rates Enbridge Income Fund’s New Issues 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:

(1) $225 million 2.92% senior unsecured Medium-Term Notes (the Notes), Series 9, maturing on December 14, 2017

(2) $275 million 3.94% Notes, Series 10, maturing on January 13, 2023

The Notes rank equally with all 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.

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.