DBRS Confirms Pembina Pipeline's Ratings 10:59 AM EDT, 04/29/2022 (MT Newswires) -- DBRS on Thursday confirmed the issuer rating and senior unsecured notes rating of Pembina Pipeline Corp. (PPL.TO) at BBB (high), its subordinated notes rating at BBB (low), and its preferred shares rating at Pfd-3 (high).
All trends are stable.
The confirmations reflect the company's operational resiliency and financial flexibility during the ongoing COVID-19 pandemic; strong credit metrics in 2021, a stable and contractual business risk profile as the company continued to bring new projects into service within a planned schedule and mostly within budget; and a modest potential exposure to commodity price risk