DBRS: Westcoast notes A (low)

DBRS said it assigned a rating of A (low) with a stable trend to Westcoast Energy Inc.'s proposed C$150 million of 3.883% unsecured medium -term notes due Oct. 28, 2021 and proposed $150 million of 4.791% notes due Oct. 28, 2041.

The notes will rank equally with all of Westcoast's other senior unsecured indebtedness, DBRS said.

The proceeds will be used for general corporate purposes, which may include repayment of outstanding indebtedness and financing capital expenditures and investments.

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