DBRS Limited (DBRS Morningstar) assigned ratings of BBB (high) with Stable trends to Enbridge Inc.'s $400 million 2.15% senior notes maturing on February 16, 2024; 2.50% $500 million senior notes maturing on February 14, 2025; and $600 million compounded Secured Overnight Financing Rate plus 0.63% per annum floating-rate senior notes due February 16, 2024 (collectively, the Notes).

DBRS Morningstar based the ratings assigned to these Notes on the rating on the already-outstanding series of senior unsecured notes.

The net proceeds will be used for repayment of short-term debt, capital expenditures, and general corporate purposes.

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/373262.

Notes:

All figures are in U.S. dollars unless otherwise noted.

The principal methodology is Rating Companies in the Pipeline and Midstream Energy Industry (November 3, 2021; https://www.dbrsmorningstar.com/research/387443), which can be found on dbrsmorningstar.com under Methodologies & Criteria. Other applicable methodologies include the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings (February 3, 2021; https://www.dbrsmorningstar.com/research/373262).

Generally, the conditions that lead to the assignment of a Negative or Positive trend are resolved within a 12-month period. DBRS Morningstar trends and ratings are under regular surveillance.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

DBRS Limited

DBRS Tower, 181 University Avenue, Suite 700

Toronto, ON M5H 3M7 Canada

Tel. +1 416 593-5577

(C) 2022 Electronic News Publishing, source ENP Newswire