DBRS confirms Inter Pipeline (Corridor) debentures

DBRS said it confirmed the ratings on the senior unsecured debentures and commercial paper of Inter Pipeline (Corridor) Inc. at A and R-1 (low), respectively, both with stable trends.

The confirmations reflect Corridor's restored financial profile and DBRS' expectation that Corridor's near term debt re-financing requirements will be addressed in a satisfactory manner, the agency said.

The Corridor expansion entered commercial service in January at an estimated cost of C$1.85 billion, slightly above the original C$1.8 billion estimate due to higher than expected non-controllable costs, DBRS said.

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