- Language: English
- Published: December 2011
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
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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.
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Enbridge Pipelines Inc.,Enbridge Inc.,Enbridge Energy Partners L.P.