DBRS Assigns “A” Ratings to Enbridge Gas Inc.’s $700 Million Medium Term Notes

DBRS Limited (DBRS) assigned ratings of “A” with Stable trends to the $400 million 10-year Medium Term Notes (unsecured) and $300 million 30-year Medium Term Notes (unsecured; collectively, the MTNs) issued by Enbridge Gas Inc. The ratings assigned to these newly issued debt instruments are based on the rating of an already-outstanding debt series of the above-mentioned debt instruments.

Net proceeds from the sales of the $700 million MTNs will be used by the Issuer for repayment of its short-term debt, capital expenditures and for general corporate purposes.

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.

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.

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