DBRS rates Pembina notes BBB

DBRS has assigned a rating of BBB with a stable trend to Pembina Pipeline Corp.'s issue of C$600 million of 4.81% series 4 unsecured medium-term notes maturing on March 25, 2044.

The net proceeds to Pembina from the sale of the notes will be used by Pembina for the repayment of certain long-term-debt upon maturity, as well as to fund the company's capital program and for other general corporate purposes, the agency stated.

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