DBRS assigns Inter Pipeline notes BBB

DBRS assigned a rating of BBB with a stable trend to Inter Pipeline Ltd.’s C$700 million of 4.232% medium-term notes, series 11 due June 1, 2027.

The rating is based on the ratings of other already-outstanding series of the notes.

The company intends to use the proceeds to repay borrowings under its $1.5 billion revolving credit facility, repay medium term notes, series 4 due in July and for general corporate purposes.

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