TC Energy Corporation & TransCanada PipeLines Limited: Rating Report

On June 4, 2021, DBRS Limited (DBRS Morningstar) confirmed TC Energy Corporation's (TCC or the Company) Preferred Shares – Cumulative rating at Pfd-2 (low). DBRS Morningstar also confirmed TransCanada PipeLines Limited's (TCPL; TCC's wholly owned subsidiary) Issuer Rating and Unsecured Debentures & Notes rating at A (low), Junior Subordinated Notes at BBB, and Commercial Paper (CP) rating at R-1 (low). All trends are Stable.