DBRS Assigns Rating of Pfd-3, Stable Trend, to Pembina Pipeline Corporation’s Series 9 Preferred Shares

DBRS Limited (DBRS) has today assigned a rating of Pfd-3 with a Stable trend to $225 million Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9 (the Series 9 Preferred Shares) issued by Pembina Pipeline Corporation (Pembina or the Company).

The Series 9 Preferred Shares will rank pari passu with all of Pembina’s currently outstanding Class A Preferred Shares and will rank junior to all of Pembina’s debentures, notes and other unsecured and unsubordinated indebtedness. The net proceeds of the offering will be used by Pembina to partially fund its capital projects and for other general corporate purposes of the Corporation and its affiliates.

Notes:
All figures are in Canadian dollars unless otherwise noted.

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

The applicable methodology is Rating Companies in the Pipeline and Diversified Energy Industry (January 2015), which can be found on our website under Methodologies.

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