DBRS Morningstar Assigns A (low) to Brookfield Finance LLC’s USD 600 Million Senior Unsecured Notes

DBRS Limited (DBRS Morningstar) assigned the rating of A (low) with a Stable trend to Brookfield Finance LLC’s $600 million 3.450% Senior Unsecured Notes due April 15, 2050 (the Notes). The net proceeds from the sale of the Notes will be used to redeem the outstanding CAD 350 million aggregate principal amount due March 1, 2021, issued by Brookfield Asset Management Inc. (BAM) and the remainder for general corporate purposes. The Notes are fully and unconditionally guaranteed by BAM.

The rating being assigned is based upon the rating on already-outstanding series of the above-mentioned debt instrument.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal methodologies are Rating Entities in the Real Estate Industry; Rating Companies in the Independent Power Producer Industry; Rating Companies in the Pipeline and Diversified Energy Industry; Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry; DBRS Morningstar Criteria: Rating Corporate Holding Companies and Parent/Subsidiary Rating Relationships; DBRS Morningstar Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers; DBRS Morningstar Criteria: Guarantees and Other Forms of Support; and DBRS Criteria: Commercial Paper Liquidity Support for Non-Bank Issuers, which can be found on dbrs.com under Methodologies & Criteria.

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

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