Northern Courier Pipeline Limited Partnership: Rating Report

DBRS Limited (DBRS) assigned an Issuer Rating of A (low) to Northern Courier Pipeline Limited Partnership (NCPLP or the Issuer) as well as a rating of A (low) to its fixed-rate, first-lien senior secured amortizing Senior Notes (the Senior Notes) of $1 billion, maturing June 30, 2042. Both trends are Stable.