DBRS Provisionally Rates Brookfield Asset Management’s Planned New Issue at Pfd-2 (low), Stable Trend
IndustrialsDBRS has today assigned a provisional rating of Pfd-2 (low) to the Cumulative Class A Rate-Reset Preference Shares, Series 30 (the Series 30 Preferred Shares), to be issued by Brookfield Asset Management Inc. (Brookfield). The trend is Stable.
The Series 30 Preferred Shares will rank pari passu with all other series of Brookfield’s preferred shares.
The proceeds from this issue will be used for general corporate purposes.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The applicable methodology is General Rating Methodology for Non-Financial Companies, which can be found on our website under Methodologies.