Credit Ratings



Enbridge Inc.

Security Standard & Poors Moody's DBRS Fitch
Outlook Negative Negative

Under Review 
Developing

Stable
Senior Unsecured Debt BBB+ Baa1 BBB (High) BBB+
Preferred Shares P-2 (Low)1 Baa3 Pfd-3 (High) BBB-
Commercial Paper A-1 (Low)2 - R-2 (High) F2
  1. Reflects Canadian Scale. Rated BBB- on global scale.
  2. Reflects Canadian Scale. Rated A-2 on global scale for US program.
  3. Moody's ratings applies only to Series A, B, D, and F.

Enbridge Pipelines Inc.

Security Standard & Poors Moody's DBRS
Outlook Negative - Stable
Unsecured Debentures & MTNs BBB+ - A
Commercial Paper A -1 (Low) - R-1 (Low)

Enbridge Gas

Security Standard & Poors DBRS
Outlook Negative Stable
Issuer Rating A- A
Senior Unsecured Notes A- A
Commercial Paper A-1 (Low) R-1 (Low)

Enbridge Energy Partners

Security Standard & Poors Moody's DBRS Fitch
Outlook Negative Negative

Under Review 
Developing

-
Senior Unsecured Debt (MLP) BBB+ Baa1 BBB (high) -
Senior Unsecured Debt (OLP) BBB+ Baa1 - -

Spectra Energy Partners, LP

Security Standard & Poors Moody's DBRS Fitch
Outlook Negative Negative  - -
Senior Unsecured BBB+ Baa1 - -

Westcoast Energy Inc.

Security Standard & Poors Moody's DBRS Fitch
Outlook Negative - Stable -
Senior Unsecured BBB+ - A (Low) -
Preferred Shares P-2 (Low) - - -

For more information on the specific rating scales used, please visit the individual agency's website. A link to each agency is provided in the above headers.