DBRS Discontinues TransCanada PipeLines Limited’s Preferred Share Rating

DBRS Limited (DBRS) has today discontinued the Preferred Shares – Cumulative Rating of TransCanada PipeLines Limited (TCPL or the Company) as the remaining Preferred Shares were fully repaid as of March 5, 2014, and there are no plans for future issuance at TCPL.

DBRS continues to rate the Preferred Shares – Cumulative of TransCanada Corporation at Pfd-2 (low) with a Stable trend.

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 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.