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DBRS reviews Enbridge
DBRS said it placed all its ratings for Enbridge Inc. (ENB) and Enbridge Energy Partners, LP under review with developing implications.
On Tuesday, Enbridge agreed to buy East Ohio Gas Co., Questar Gas Co. and its related Wexpro companies and Public Service Co. of North Carolina, Inc. for $14 billion from Dominion Energy, Inc.
DBRS said it aims to resolve the under review with developing implications status once ENB's financing plan is finalized and key regulatory approvals have been secured.
“When finalized, should the financing plan result in minimal to no impact on the company’s key credit metrics as they stood at the 12 months ended March 31, 2023 (please see DBRS Morningstar’s rating report on the company dated June 28, 2023, for further details), DBRS Morningstar may consider a positive rating action,” the agency said in a press release.
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