DBRS Assigns Rating of BBB to Pembina Pipeline Corporation’s CAD 1.5 Billion Medium Term Notes

DBRS Limited (DBRS) assigned a rating of BBB with a Stable trend to the following securities issued by Pembina Pipeline Corporation (the Issuer): (1) the CAD 300 million 30-year Medium Term Notes, Series 13; (2) the CAD 600 million 3.7-year Medium Term Notes, Series 14; and (3) the CAD 600 million 10-year Medium Term Notes, Series 15 (collectively, the MTNs). 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 MTN issuances to repay its existing indebtedness and to fund its capital program as well as for general corporate purposes.

Notes:
The principal methodologies are Rating Companies in the Pipeline and Diversified Energy Industry and DBRS Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers, which can be found on www.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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