DBRS Rates Brookfield Asset Management Inc.’s $300 Million Debt Issue A (low), Stable Trend
DBRS has today assigned a rating of A (low) to the $300 million unsecured medium-term notes (the Notes) issued by Brookfield Asset Management Inc. (Brookfield), due September, 2016. 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. The Notes will be unsecured obligations of Brookfield and will rank equally with all other unsecured obligations of Brookfield.
Brookfield will use the proceeds to refinance existing notes that matured March 1, 2010 and 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.
This is a Corporate rating.
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