Credit Ratings



Enbridge Inc.

Security Standard & Poors Moody's DBRS Fitch
Outlook Stable Positive Stable Stable
Senior Unsecured Debt BBB+ Baa2 BBB (High) BBB+
Preferred Shares P-2(low)1 Ba1 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 Stable - Stable
Unsecured Debentures & MTNs BBB+ - A
Commercial Paper A -1(Low) - R-1 (Low)

Enbridge Gas

Security Standard & Poors DBRS
Outlook Stable 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 Stable  Positive Stable Stable
Senior Unsecured Debt (MLP) BBB+ Baa2 BBB (high) BBB+
Senior Unsecured Debt (OLP) BBB+ Baa2 - -

Spectra Energy Partners, LP

Security Standard & Poors Moody's DBRS Fitch
Outlook Stable Positive - Stable
Senior Unsecured BBB+ Baa2 - BBB+

Westcoast Energy Inc.

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

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.