DBRS raises Brookfield Corp.

DBRS said it upgraded the issuer rating, long-term obligations, and preferred shares credit ratings of Brookfield Corp. (BN) and its guaranteed subsidiaries, including BN’s issuer rating and senior notes to A from A(low) and its preferred shares rating to Pfd-2 from Pfd-2 (low).

The trend is stable. The upgrades remove the long-term and preferred share ratings on BN and its subsidiaries from under review with positive implications where they were placed on Sept. 27, 2023, the agency said.

The upgrade reflects BN’s benefiting improvements in its subsidiaries Brookfield Asset Management Ltd., Brookfield Reinsurance Ltd. and Brookfield Property Partners LP and Brookfield Renewable Partners LP, DBRS said.

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