DBRS Rates Enbridge Inc.’s New Issue at A, Stable Trend
DBRS has today assigned a rating of “A” with a Stable trend to Enbridge Inc.’s $500 million 4.53% unsecured medium-term notes (Notes) issue maturing March 9, 2020.
The Notes rank equally with all of Enbridge Inc.’s other senior unsecured indebtedness. Net proceeds from the issue will be used for repayment of outstanding commercial paper and/or credit facility borrowings, and for other general corporate purposes.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The applicable methodology is Rating Utilities (Electric, Pipelines & Gas Distribution), which can be found on the DBRS website under Methodologies.
This is a Corporate rating.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.