DBRS Discontinues Preferred Shares Rating of Enbridge Gas Distribution Inc.

DBRS Limited (DBRS) discontinued the Cum. & Cum. Redeemable Convertible Preferred Shares rating of Enbridge Gas Distribution Inc. (the Company). The rating is being discontinued at the request of the Company and follows the Company’s redemption of all of its 4,000,000 outstanding Fixed/Floating Cumulative Redeemable Convertible Preferred Shares, Group 3, Series D on November 29, 2018. DBRS notes that the discontinuation of the rating is unrelated to the credit risk profile of the Company.

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

The principal methodologies are Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry and DBRS Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers, 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.

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