DBRS rates Pembina Pipeline notes BBB

DBRS said it assigned BBB ratings to three series of Pembina Pipeline Corp.’s medium-term notes.

The agency rated C$300 million of 30-year notes, C$600 million of 3.7-year notes and C$600 million of 10-year notes.

The rating is based upon the ratings on already-outstanding series of MTNs.

Proceeds will be used to repay debt and to fund the company’s capital program as well as for general corporate purposes.

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