DBRS Assigns a Rating of BBB to Pembina Pipeline Corporation’s CAD 800 million Medium-Term Notes
EnergyDBRS Limited (DBRS) assigned a rating of BBB with a Stable trend to the CAD 400 million ten-year Medium-Term Notes, Series 12 and the CAD 400 million 30-year Medium-Term Notes, Series 13 (the MTNs) issued by Pembina Pipeline Corporation (the Issuer). The rating being assigned is based upon the ratings on already-outstanding series of the above-mentioned debt instruments.
The Issuer intends to use the net proceeds from the issue of the MTNs to repay its indebtedness, as well as to fund its capital program and for general corporate purposes.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The principal methodologies are Rating Companies in the Pipeline and Diversified Energy Industry (November 2018) and DBRS Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers (November 2018), which can be found on www.dbrs.com under Methodologies & Criteria.
The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.
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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