DBRS reviews Brookfield positively

DBRS said it placed the issuer rating, long-term obligations, and preferred shares credit ratings of Brookfield Corp. (BN or formerly Brookfield Asset Management Inc.) and its guaranteed subsidiaries under review with positive implications.

“Following the annual surveillance review of the credit ratings of the company on July 5, 2023, DBRS Morningstar identified an error in the application of certain methodologies used in the determination of the credit ratings of BN. DBRS Morningstar believes the rating rationale for the credit ratings of BN, and the applicable methodological approach, was not adequately disclosed previously. This error is not connected in any way to the data and information provided by the company for the purposes of providing the relevant credit ratings,” the agency said in a press release.

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