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DBRS gives Enbridge notes BBB
DBRS said it assigned ratings of BBB (high) to Enbridge Inc.’s $1 billion of 2.5% unsecured sustainability-linked senior notes maturing on Aug. 1, 2033, and $500 million of 3.4% unsecured senior notes maturing on Aug. 1, 2051.
The ratings are based upon the rating on the already-outstanding series of senior unsecured notes, DBRS said.
The proceeds will be used to repay short-term debt, for capital expenditures and for general corporate purposes.
The trend is stable.
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