DBRS Discontinues TransCanada Keystone’s Commercial Paper Rating

DBRS has today discontinued the Commercial Paper (CP) rating of TransCanada Keystone Pipeline, LP (guaranteed by TransCanada PipeLines Limited and its wholly owned subsidiary, TransCanada PipeLine USA Ltd.), due to termination of the TransCanada Keystone Pipeline, LP CP program. TransCanada PipeLines Limited has established a new CP program for an equivalent amount in one of its U.S. subsidiaries. Therefore, the total amount of CP facilities on a consolidated basis remains unchanged.

Notes:
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.