DBRS Rates Westcoast Energy Inc.’s CAD 350 Million Notes Issue at A (low), Stable Trend

DBRS has today assigned a rating of A (low) with a Stable trend to Westcoast Energy Inc.’s (Westcoast) CAD 350 million 3.43% Medium-Term Note Debentures, Series 15 (Unsecured) due September 12, 2024 (the Debentures). The settlement date for the Debentures is September 12, 2014.

The Debentures will be direct, unsecured obligations of Westcoast and will rank pari passu with all other unsecured and unsubordinated indebtedness of Westcoast. The net proceeds from the Debentures issue will be used for general corporate purposes.

Notes:
The applicable methodologies are Rating Pipeline and Diversified Energy Companies (January 2014), DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers (February 2014) and Preferred Share and Hybrid Criteria for Corporate Issuers (Excluding Financial Institutions) (December 2013), which can all be found on our website under Methodologies.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.