DBRS Morningstar Assigns Ratings of “A” With Stable Trends to Enbridge Gas Inc.’s New Issues of Medium Term Notes

DBRS Limited (DBRS Morningstar) assigned ratings of “A” with Stable trends to the following Medium Term Notes issued by Enbridge Gas Inc.:

-- CAD 475 million Medium Term Notes (Unsecured) due September 15, 2031
-- CAD 425 million Medium Term Notes (Unsecured) due September 15, 2051

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.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/373262.

Notes:
The principal methodologies are Rating Companies in the Regulated Electric, Natural Gas, and Water Utilities Industry (October 27, 2020; https://www.dbrsmorningstar.com/research/368939) and DBRS Morningstar Criteria: Commercial Paper Liquidity Support for Nonbank Issuers (March 9, 2021; https://www.dbrsmorningstar.com/research/375001), which can be found on dbrsmorningstar.com under Methodologies & Criteria. Other applicable methodologies include the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings (February 3, 2021; https://www.dbrsmorningstar.com/research/373262).

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

Generally, the conditions that lead to the assignment of a Negative or Positive trend are resolved within a 12-month period. DBRS Morningstar trends and ratings are under regular surveillance.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at [email protected].

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