DBRS Rates Pembina’s 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 200 million 4.75% Unsecured Medium-Term Notes, Series 3 (the Series 3 Notes), maturing on April 30, 2043.

The Series 3 Notes ranks equally with all other unsecured and unsubordinated indebtedness of Pembina. Net proceeds from the issue will be primarily 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.