S&P gives Brookfield notes BBB

S&P said it assigned its BBB rating to Brookfield Finance I (UK) plc's proposed perpetual subordinated notes. The notes will be guaranteed, on a subordinated basis, as to payment of principal and interest and specific other amounts by Brookfield Asset Management Inc.

Market conditions will determine the issuance's size, but the agency assumed the offering will be $200 million for its analysis, S&P said.

The proceeds will be used for the financing or refinancing of eligible green projects.

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