Press Release
DBRS Confirms Ratings of Four Enbridge Inc. Subsidiaries, Maintains Enbridge Inc. 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
08-Sep-16 Issuer Rating BBB Stb Confirmed CA08-Sep-16 Senior Unsecured Notes BBB Stb Confirmed CA08-Sep-16 Commercial Paper R-2 (middle) Stb Confirmed CA08-Sep-16 Junior Subordinated Notes BB (high) Stb Confirmed 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
08-Sep-16 Issuer Rating A Stb Confirmed CA08-Sep-16 Unsecured Debentures & Medium-Term Notes A Stb Confirmed CA08-Sep-16 Commercial Paper R-1 (low) Stb Confirmed CA08-Sep-16 Cum. & Cum. Redeemable Convertible Preferred Shares Pfd-2 (low) Stb Confirmed 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
08-Sep-16 Issuer Rating BBB (high) Stb Confirmed CA08-Sep-16 Senior Unsecured Long-Term Notes BBB (high) Stb Confirmed 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
08-Sep-16 Issuer Rating A Stb Confirmed CA08-Sep-16 Medium-Term Notes & Unsecured Debentures A Stb Confirmed CA08-Sep-16 Commercial Paper R-1 (low) Stb Confirmed CAMoreLess
Enbridge Energy Partners, L.P.
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:BBB
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:BBB
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:R-2 (middle)
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:BB (high)
- Trend:Stb
- Rating Recovery:
- Issued:CA
Enbridge Gas Distribution Inc.
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:A
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:A
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:R-1 (low)
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:Pfd-2 (low)
- Trend:Stb
- Rating Recovery:
- Issued:CA
Enbridge Income Fund
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:BBB (high)
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:BBB (high)
- Trend:Stb
- Rating Recovery:
- Issued:CA
Enbridge Pipelines Inc.
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:A
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:A
- Trend:Stb
- Rating Recovery:
- Issued:CA
- Date Issued:Sep 8, 2016
- Rating Action:Confirmed
- Ratings:R-1 (low)
- Trend:Stb
- 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.
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
Press Release:
Credit Rating Report:
Other:
- Enbridge Inc. - DBRS Limited Regulatory Disclosure
- Enbridge Income Fund - DBRS 17g-7 Disclosure Report
- Enbridge Pipelines Inc. - DBRS 17g-7 Disclosure Report
- Enbridge Income Fund - DBRS Limited Regulatory Disclosure
- Enbridge Pipelines Inc. - DBRS Limited Regulatory Disclosure
- Enbridge Energy Partners, L.P. - DBRS 17g-7 Disclosure Report
- Enbridge Gas Distribution Inc. - DBRS 17g-7 Disclosure Report
- Enbridge Gas Distribution Inc - DBRS Limited Regulatory Disclosure
- Enbridge Energy Partners, L.P. - 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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