DBRS Confirms Enbridge Pipelines Inc.’s Commercial Paper Rating at R-1 (low), Stable Trend

This press release has been amended as of June 5, 2018, to include the disclosure on participation of the rated entity and access to information. Everything else remains materially the same as the press release issued on January 12, 2018.

DBRS Limited (DBRS) confirmed the rating of Enbridge Pipelines Inc.’s (EPI or the Company) Commercial Paper (CP) at R-1 (low) with a Stable trend.

The confirmation follows DBRS’s review of EPI’s intention to increase its CP program to $2.5 billion from $2.0 billion. EPI’s CP program is backstopped by a syndicate credit facility of $3.0 billion. Based on its review, DBRS is satisfied that the Company’s CP program and credit facility meet DBRS’s requirements for the R-1 (low) rating confirmation.

Notes:
All figures are in Canadian dollars unless otherwise noted.

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 info@dbrs.com.

The principal methodologies are the DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Financial Issuers and Rating Companies in the Pipeline and Diversified Energy Industry, which can be found on dbrs.com under Methodologies.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS 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 info@dbrs.com.