Moody's Ratings assigns Baa3 rating to Enbridge Inc.'s new subordinated notes
Moody's Ratings (Moody's) today assigned a Baa3 rating to Enbridge Inc.'s (ENB, Baa2) $700 million of subordinated notes due in 2054 and $500 million of subordinated notes due in 2055 (together Subordinated Notes). The outlook on ENB is stable. RATINGS RATIONALE The Baa3 rating assigned to the S...Enbridge is an energy transportation and distribution companyoperating in 5 segments: Liquids Pipelines, consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals; Gas Distribution, of Co.'s natural gas utility operations; Gas Pipelines and Processi consists of investments in natural gas pipelines and processing facilities; Green Power and Transmission, consists of Co.'s investments in renewable energy assets and transmission facilities; and Energy Services, consist of physical commodity marketing activity and logistical services.
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