DBRS Morningstar Assigns Ratings of BBB (high) with Stable Trends to Pembina Pipeline Corporation’s $1,000 Million Medium Term Notes

DBRS Limited (DBRS Morningstar) assigned ratings of BBB (high) with Stable trends to Pembina Pipeline Corporation’s $500 million Medium Term Notes Series 17 due December 10, 2031, and $500 million Medium Term Notes Series 18 due December 10, 2051.

The ratings assigned to these newly issued debt instruments are based on the ratings of 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:
All figures are in Canadian dollars unless otherwise noted.

The principal methodology is Rating Companies in the Pipeline and Midstream Energy Industry (November 3, 2021; https://www.dbrsmorningstar.com/research/387443), 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).

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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