DBRS Rates Brookfield Asset Management’s Planned Debt Issue A (low), Stable Trend
IndustrialsDBRS has today assigned a provisional rating of A (low) to Brookfield Asset Management Inc.’s (Brookfield or the Company) planned issuance of $350 million in senior unsecured notes, maturing on March 1, 2021 (the Notes). The trend is Stable.
The Notes will be issued under Brookfield’s Short Form Base Shelf Prospectus, by way of a Short Form Prospectus Supplement dated October 20, 2010. The Notes will be unsecured obligations of Brookfield and will rank equally with all other unsecured obligations of the Company.
Brookfield will use the proceeds for general corporate purposes.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The applicable methodology is Rating Parent Holding Companies, which can be found on our website under Methodologies.