DBRS rates Enbridge notes BBB

DBRS said it assigned a BBB (high) rating with a stable trend to Enbridge Income Fund's issuance of C$200 million series 8 two-year floating senior unsecured medium-term notes due Nov. 28, 2014.

The notes rank equally with all of other senior unsecured and unsubordinated indebtedness of the fund.

Net proceeds from the issue will be used to repay debt of the fund, including related party debt, and for general corporate purposes.

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