DBRS rates Enbridge notes BBB (high)

DBRS said it assigned ratings of BBB (high) with stable trends to the following medium-term notes issued by Enbridge Inc.: C$600 million 4.9% senior notes due May 26, 2028; C$400 million 5.36% sustainability-linked senior notes due May 26, 2033; and C$500 million 5.76% senior notes due May 26, 2053.

The newly issued debt instruments are guaranteed by Enbridge Energy Partners, LP (rated BBB (high) with a stable trend by DBRS Morningstar) and Spectra Energy Partners, LP, both of which are indirect, wholly owned subsidiaries of Enbridge Inc.

DBRS said it based its assigned ratings of these newly issued debt instruments on the rating of the already-outstanding series of senior notes.

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