Credit Ratings

Credit ratings are intended to provide investors with an independent measure of credit quality of an issue of securities. Credit ratings are not recommendations to purchase,  hold or sell securities and do not address the market quality or suitability of a specific security for a particular investor. These are assigned by credit rating agencies such as Moody's or Standard & Poor's.

The table below provides a list of the credit ratings assigned to TC PipeLines, LP and the entities in which it has an ownership interest:

 

 

TC PipeLines, LP    
  Standard & Poor's Moody's Investor Service
Issuer/Senior Notes Rating BBB- Baa2
Trend/Rating Outlook Stable Stable

 

 

 

Gas Transmission Northwest LLC  
  Standard & Poor's Moody's Investor Service
Senior Unsecured n/a A3
Trend/Rating Outlook          n/a Stable

 

 

 

Northern Border Pipeline Company  
  Standard & Poor's Moody's Investor Service
Senior Unsecured BBB+ n/a
Trend/Rating Outlook          Stable n/a

 

 

 

Tuscarora Gas Transmission Company  
  Standard & Poor's Moody's Investor Service
Issuer Rating   BBB- n/a
Trend/Rating Outlook          Stable n/a