S&P affirms Brookfield Asset

S&P said it affirmed all its ratings on Brookfield Asset Management Inc., including its A- long-term corporate credit and senior unsecured debt ratings.

The outlook is stable.

The affirmation follows the agency’s determination that it applied "Methodology: Investment Holding Companies" criteria (published Dec. 1, 2015, on RatingsDirect) to the company in error and S&P’s subsequent reassessment of the company's credit profile under a new analytical approach.

The agency noted that while Brookfield Asset exhibits some of the traits of an investment holding company, its credit characteristics do not fully fit within the criteria, so S&P does not believe the methodology appropriately captures the company's risks and strengths.

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