DBRS rates Enbridge preferreds Pfd-2 (low)

DBRS said it assigned a rating of Pfd-2 (low) with a stable trend to Enbridge Inc.'s $350 million cumulative redeemable preferred shares.

The preferreds are series H shares and have a dividend rate of 4% per annum payable quarterly for the initial fixed-term period ending Sept. 1, 2018.

The series H preferred shares will rank equally with all outstanding cumulative redeemable preferred shares and with any future preferred shares issued by the company, the agency said.

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