DBRS confirms Enbridge

DBRS said it has confirmed the senior unsecured long-term notes rating of Enbridge Income Fund at BBB (high) with a stable trend.

The confirmation follows the announcement that the board of trustees of Enbridge Commercial Trust, on behalf of the Enbridge fund, approved the acquisition by the fund of three renewable energy assets in Ontario for $1.23 billion from Enbridge Inc., which has a 72% economic interest in the fund.

This removes the rating from under review with developing implications, where it was placed on May 4, the agency said.,

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