DBRS Rates Enbridge Pipelines Inc. New Issues at “A”, Stable Trends

DBRS has today assigned ratings of “A” with Stable trends to Enbridge Pipelines Inc.’s issuance of $250 million 3.79% unsecured medium-term notes maturing on August 17, 2023, and $300 million 4.55% unsecured medium-term notes maturing on August 17, 2043 (collectively, the Notes). The Notes are expected to settle on August 16, 2013.

The Notes will rank equally with all of Enbridge Pipelines Inc.’s existing senior unsecured indebtedness. Net proceeds from the issues will be used to repay short-term debt 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.