Press Release
DBRS Places Enbridge Inc. and Subsidiaries Under Review with Developing Implications
Energy, Utilities & Independent PowerRatings
Enbridge Energy Partners, L.P.
Date Issued Debt Rated Rating Trend Action Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
06-Sep-16 Issuer Rating BBB -- UR-Dev. CA06-Sep-16 Senior Unsecured Notes BBB -- UR-Dev. CA06-Sep-16 Commercial Paper R-2 (middle) -- UR-Dev. CA06-Sep-16 Junior Subordinated Notes BB (high) -- UR-Dev. CAMoreLessEnbridge Gas Distribution Inc.
Date Issued Debt Rated Rating Trend Action Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
06-Sep-16 Issuer Rating A -- UR-Dev. CA06-Sep-16 Unsecured Debentures & Medium-Term Notes A -- UR-Dev. CA06-Sep-16 Commercial Paper R-1 (low) -- UR-Dev. CA06-Sep-16 Cum. & Cum. Redeemable Convertible Preferred Shares Pfd-2 (low) -- UR-Dev. CAMoreLessEnbridge Inc.
Date Issued Debt Rated Rating Trend Action Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
06-Sep-16 Issuer Rating BBB (high) -- UR-Dev. CA06-Sep-16 Senior Unsecured Notes BBB (high) -- UR-Dev. CA06-Sep-16 Commercial Paper R-2 (high) -- UR-Dev. CA06-Sep-16 Preferred Shares Pfd-3 (high) -- UR-Dev. CAMoreLessEnbridge Income Fund
Date Issued Debt Rated Rating Trend Action Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
06-Sep-16 Issuer Rating BBB (high) -- UR-Dev. CA06-Sep-16 Senior Unsecured Long-Term Notes BBB (high) -- UR-Dev. CAMoreLessEnbridge Pipelines Inc.
Date Issued Debt Rated Rating Trend Action Attributes i - US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
06-Sep-16 Issuer Rating A -- UR-Dev. CA06-Sep-16 Medium-Term Notes & Unsecured Debentures A -- UR-Dev. CA06-Sep-16 Commercial Paper R-1 (low) -- UR-Dev. CAMoreLess
Enbridge Energy Partners, L.P.
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:BBB
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:BBB
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:R-2 (middle)
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:BB (high)
- Trend:--
- Rating Recovery:
- Issued:CA
Enbridge Gas Distribution Inc.
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:A
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:A
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:R-1 (low)
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:Pfd-2 (low)
- Trend:--
- Rating Recovery:
- Issued:CA
Enbridge Inc.
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:BBB (high)
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:BBB (high)
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:R-2 (high)
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:Pfd-3 (high)
- Trend:--
- Rating Recovery:
- Issued:CA
Enbridge Income Fund
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:BBB (high)
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:BBB (high)
- Trend:--
- Rating Recovery:
- Issued:CA
Enbridge Pipelines Inc.
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:A
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:A
- Trend:--
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 6, 2016
- Rating Action:UR-Dev.
- Ratings:R-1 (low)
- Trend:--
- Rating Recovery:
- Issued:CA
- US = Lead Analyst based in USA
- CA = Lead Analyst based in Canada
- EU = Lead Analyst based in EU
- UK = Lead Analyst based in UK
- E = EU endorsed
- U = UK endorsed
- Unsolicited Participating With Access
- Unsolicited Participating Without Access
- Unsolicited Non-participating
ALL MORNINGSTAR DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING MORNINGSTAR DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.
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Related Documents
Methodology Used:
- DBRS Criteria: Guarantees and Other Forms of Support (Archived) / February 9, 2016
- DBRS Criteria: Rating Holding Companies and Their Subsidiaries (Archived) / January 4, 2016
- Rating Companies in the Pipeline and Diversified Energy Industry (Archived) / December 15, 2015
- DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers (Archived) / April 15, 2016
- DBRS Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers (Archived) / January 4, 2016
- DBRS Criteria: Financial Ratio Definitions and Accounting Adjustments – Non-Financial Co. (Archived) / April 15, 2016
Other:
- Enbridge Inc. - DBRS Limited Regulatory Disclosure
- Enbridge Income Fund - DBRS Limited Regulatory Disclosure
- Enbridge Pipelines Inc. - DBRS Limited Regulatory Disclosure
- Enbridge Energy Partners, L.P. - DBRS Limited Regulatory Disclosure
- Enbridge Gas Distribution Inc. - DBRS Limited Regulatory Disclosure
Contacts
- Michael R. Rao
Managing Director - Credit Practices, Fundamental Ratings
+1 416 597 7541
michaelr.rao@morningstar.com - Jordan Kremblewski
Senior Vice President, Sector Lead - Private Corporate Credit
+(1) 416 597 7356
jordan.kremblewski@morningstar.com
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