DBRS Notes Enbridge Gas Inc.’s Commercial Paper Limit Increase

DBRS Limited (DBRS) notes that Enbridge Gas Inc. (EGI) has increased the limit on its Commercial Paper (CP) program to $2.0 billion from $1.7 billion. EGI’s CP program is backstopped by a $2.0 billion revolving term credit facility maturing on July 24, 2020 (the Credit Facility).

Based on its review, DBRS is satisfied that the Company’s revised CP program limit and the Credit Facility continue to meet DBRS’s requirements with respect to the DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers. DBRS is of the view that the increase in EGI’s CP program limit has no impact on the credit profile of EGI. The DBRS rating on EGI’s CP program is R-1 (low) with a Stable trend.

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

The principal methodologies are Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers, which can be found on dbrs.com under Methodologies & Criteria.

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

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