DBRS rates Enbridge notes BBB (high)

DBRS said it assigned a rating of BBB (high) to Enbridge Income Fund's C$100 million 4.85% medium-term notes, maturing Nov. 12, 2020.

The senior notes will rank pari passu with all the trust's existing and future unsecured and unsubordinated indebtedness, the agency said.

The proceeds will be used to repay indebtedness of the trust, including borrowings under its credit facilities, DBRS said.

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