DBRS Morningstar Assigns Rating of BBB to Pembina Pipeline Corporation’s $1.0 Billion Medium Term Notes

DBRS Limited (DBRS Morningstar) assigned a rating of BBB with a Stable trend to the following securities issued by Pembina Pipeline Corporation (the Issuer): (1) the $250 million Medium Term Notes, Series 10; (2) the $500 million Medium Term Notes, Series 11; and (3) the $250 million Medium Term Notes, Series 12 (collectively, the MTNs). The rating being assigned is based upon the ratings on already-outstanding series of the above-mentioned debt instruments.

The Issuer intends to use the net proceeds from the issue of the MTNs to repay its existing indebtedness under its unsecured $2.5 billion revolving credit facility, to fund its capital program, and for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The principal methodologies are Rating Companies in the Pipeline and Diversified Energy Industry and DBRS Morningstar Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers, which can be found on www.dbrs.com under Methodologies & Criteria.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.

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