DBRS Discontinues Stability Rating of Pembina Pipeline Income Fund
EnergyDBRS has today discontinued the STA-2 (low) stability rating of Pembina Pipeline Income Fund (the Trust), following the Trust’s conversion to a corporation (Pembina Pipeline Corporation) on October 1, 2010, under a Plan of Arrangement that was recently approved. The Trust’s units will not be traded as of October 5, 2010. With the conversion, Pembina Pipeline Corporation continues the business previously carried out by the Trust.
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The applicable methodology is Rating Income Funds, which can be found on our website under Methodologies.