DBRS Morningstar Discontinues Ratings on Kinder Morgan Canada Limited and Kinder Morgan Cochin ULC

DBRS Limited (DBRS Morningstar) discontinued and withdrew the Issuer Rating of Kinder Morgan Cochin ULC (KMC) and the Preferred Shares – Cumulative rating of Kinder Morgan Canada Limited (KML; together with KMC, the Company). These rating actions are at the Company’s request and are unrelated to the credit profile of the Company. The discontinuation of the ratings follows the close of Pembina Pipeline Corporation’s (Pembina, rated BBB with a Stable trend by DBRS Morningstar) acquisition of KML on December 16, 2019, which resulted in the exchange of KML’s Preferred Shares with Pembina’s Preferred Shares.

Notes:
The principal methodologies are Rating Companies in the Pipeline and Diversified Energy Industry, DBRS Morningstar Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers, and DBRS Morningstar Criteria: Rating Corporate Holding Companies and Parent/Subsidiary Rating Relationships, which can be found on dbrs.com under Methodologies & Criteria.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link under Related Documents or by contacting us at [email protected].

The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar 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 [email protected].

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