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DBRS assigns BBB(high) to Enbridge notes
DBRS said it assigned BBB(high) ratings to four series of Enbridge Inc. senior unsecured notes and placed their ratings under review with developing implications. Subsidiaries Enbridge Energy Partners LP and Spectra Energy Partners, LP guarantee the notes.
The notes are $750 million of 5.9% notes due Nov. 15, 2026, $750 million of 6% notes due Nov. 15, 2028, $750 million of 6.2% notes due Nov. 15, 2030 and $1.25 billion of 6.7% notes due Nov. 15, 2053.
The ratings are based on the credit rating of an outstanding series of senior unsecured notes, the agency said.
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