Credit Rating Report

Pembina Pipeline Corporation: Rating Report

Energy

Summary

DBRS Limited (DBRS) confirmed the Issuer Rating and Senior Unsecured Notes rating of Pembina Pipeline Corporation (Pembina or the Company) at BBB, and the Company’s Preferred Shares rating at Pfd-3. All trends remain Stable. The confirmations incorporate Pembina’s solid financial performance in 2017 and the continued improvement of its business risk profile. All credit metrics for 2017 remained strong for the current ratings.

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Pembina Pipeline Corporation: Rating Report

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Pembina Pipeline Corporation: Rating Report

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