DBRS Assigns A (low) Rating to Brookfield Finance Inc.’s Senior Unsecured Notes

DBRS Limited (DBRS) has assigned a rating of A (low) with a Stable trend to the USD 500 million Senior Unsecured Notes (the Notes) issued by Brookfield Finance Inc. (BFI) and guaranteed by Brookfield Asset Management Inc. (BAM or the Company). The Notes, with a ten-year maturity, were issued on June 2, 2016, under the base shelf prospectus dated June 5, 2015, which allows for offerings of up to USD 2.5 billion of debt securities. Net proceeds of the Notes will be used primarily for repayment of outstanding short-term borrowing and general corporate purposes.

Brookfield Finance Inc. is a wholly owned subsidiary of BAM, which has no significant assets, liabilities, subsidiaries and ongoing operations of its own. The Notes are fully and unconditionally guaranteed by BAM and rank pari passu to all of the Company’s other unsecured and unsubordinated obligations. DBRS assesses that the guarantee language in the Notes’ Indenture is consistent with the characteristics as required in “DBRS Criteria: Guarantees and Other Forms of Support” methodology.

Notes:
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodologies are DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers, DBRS Criteria: Guarantees and Other Forms of Explicit Support, Preferred Share and Hybrid Criteria for Corporate Issuers, Rating Companies in the Independent Power Producer Industry, Rating Companies in the Pipeline and Diversified Energy Industry, Rating Companies in the Railway Industry, Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry, Rating Container Terminal Operators, Rating Entities in the Real Estate Industry and Rating Holding Companies and Their Subsidiaries, which can be found on our website under Methodologies.

For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.