DBRS rates Inter Pipeline notes BBB

DBRS said it rated Inter Pipeline Ltd.’s C$550 million of senior unsecured notes, series 14 BBB (low).

The rating is based upon an already-outstanding series of the above-mentioned debt instrument, the agency said.

The issuer plans to use the proceeds to repay indebtedness under its credit facilities and for general corporate purposes.

The trend is stable.

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