Brookfield Corporation Announces Credit Rating Upgrade to “A”
22 Novembro 2023 - 2:55PM
Brookfield Corporation (NYSE: BN, TSX: BN) (“Brookfield”) today
announced that it has received an upgrade to its senior unsecured
debt rating from DBRS to “A” from A (low). The upgrade reflects the
continued growth in the earnings and cashflows of the business,
underpinned by a conservatively capitalized balance sheet. DBRS
pointed to the strength of Brookfield’s premier global alternative
asset management business, the scaling of its Insurance Solutions
franchise, and the resilience and quality of the earnings and
cashflows generated by its underlying operations.
Nicholas Goodman, President of Brookfield
Corporation, stated “We are pleased with the credit rating upgrade,
which reflects the strength of our franchise through
cycles—including the growing scale and diversity of our business,
the quality of our cashflows and our fortress balance sheet. The
upgrade is further recognition of our longstanding commitment to
conservative financing principles and our differentiated perpetual
capital base of $140 billion.”
Brookfield Corporation also received an upgrade
from DBRS on its preferred shares rating to Pfd-2 from Pfd-2
(low).
About Brookfield
Corporation
Brookfield Corporation (NYSE: BN, TSX: BN) is
focused on compounding capital over the long term to earn
attractive total returns for our shareholders. Today, our capital
is deployed across three businesses – Asset Management, Insurance
Solutions and our Operating Businesses, generating substantial and
growing free cash flows, all of which is underpinned by a
conservatively capitalized balance sheet.
For more information, please visit our website at
www.bn.brookfield.com or contact:
Communications & Media:Kerrie McHugh HayesTel:
(212) 618-3469Email: kerrie.mchugh@brookfield.com |
Investor Relations: Linda Northwood Tel: (416)
359-8647Email: linda.northwood@brookfield.com |
Forward Looking Statements
This news release contains “forward-looking
information” within the meaning of Canadian provincial securities
laws and “forward-looking statements” within the meaning of the
U.S. Securities Act of 1933, the U.S. Securities Exchange Act of
1934, “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995 and in any applicable
Canadian securities regulations (collectively, “forward-looking
statements”). Forward-looking statements include statements that
are predictive in nature, depend upon or refer to future results,
events or conditions, and include, but are not limited to,
statements which reflect management’s current estimates, beliefs
and assumptions and which are in turn based on our experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors management believes
are appropriate in the circumstances. The estimates, beliefs and
assumptions of Brookfield are inherently subject to significant
business, economic, competitive and other uncertainties and
contingencies regarding future events and as such, are subject to
change. Forward-looking statements are typically identified by
words such as “expect”, “anticipate”, “believe”, “foresee”,
“could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”,
“will”, “may” and “should” and similar expressions. In particular,
the forward-looking statements contained in this news release
include statements referring to the growth of Brookfield’s
business.
Although Brookfield believes that such
forward-looking statements are based upon reasonable estimates,
beliefs and assumptions, certain factors, risks and uncertainties,
which are described from time to time in our documents filed with
the securities regulators in Canada and the United States, not
presently known to Brookfield, or that Brookfield currently
believes are not material, could cause actual results to differ
materially from those contemplated or implied by forward-looking
statements.
Readers are urged to consider these risks, as
well as other uncertainties, factors and assumptions carefully in
evaluating the forward-looking statements and are cautioned not to
place undue reliance on such forward-looking statements, which are
based only on information available to us as of the date of this
news release. Except as required by law, Brookfield undertakes no
obligation to publicly update or revise any forward-looking
statements, whether written or oral, that may be as a result of new
information, future events or otherwise.
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