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Moody's Investors Service ("Moody's") assigned first time ratings to Midcoast Energy, LLC (Midcoast), including a B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating (PDR), and B2 on the senior secured credit facility, comprising its $100 million revolver due August 2023 and $650 million term loan B due August 2025. The outlook is stable.
ST. PAUL, Minn. (AP) — Minnesota Gov. Tim Walz said Tuesday that his administration will keep pursuing an appeal of an independent regulatory commission's approval of Enbridge Energy's plan to replace its aging Line 3 crude oil pipeline across northern Minnesota, siding with environmental and tribal groups in his biggest decision since becoming governor last month.
Moody's Investors Service ("Moody's") has upgraded the ratings of Enbridge Inc. (ENB) and Enbridge Energy Partners, L.P. (EEP) including their senior unsecured ratings to Baa2 from Baa3, and revised the outlook to positive. At the same time we have upgraded Enbridge (U.S.) Inc.'s backed short-term rating for commercial paper to Prime-2 from Prime-3.