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 |
