Summary: Enbridge Pipelines Inc. Dec 11
- ID: 2032927
- December 2011
- Standard & Poors
The ratings on Enbridge Pipelines Inc. (EPI)_reflect Standard & Poor's Ratings Services' view of view of the company's stable earnings profile; the excellent market and competitive position of its assets; and the support of its more diversified parent, Enbridge Inc. (A-/Stable/--). What we believe to be high leverage constrains the ratings. EPI is one of the largest pipeline operators in North America. The company's primary asset is its 100% ownership of the Enbridge system, the Canadian portion of the Enbridge Mainline System, a regulated pipeline linking western Canada to markets in eastern Canada and the midcentral U.S. It also has a 23.8% minority stake in a U.S.-based pipeline operator, Enbridge Energy Partners L.P. (EEP; BBB/Stable/A-2), and wholly owned positions in...
Companies mentioned in this report are: Enbridge Pipelines Inc.,Enbridge Inc.,Enbridge Energy Partners L.P.
Action: Outlook Revised
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >