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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Brookfield Asset Management Inc.    BAM.A   CA1125851040

BROOKFIELD ASSET MANAGEMENT INC.

(BAM.A)
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Brookfield Asset Management : DBRS Morningstar Assigns Rating of BBB with a Stable Trend to New Subordinated Notes of Brookfield Finance Inc

10/20/2020 | 04:31am EST

DBRS Limited (DBRS Morningstar) assigned a rating of BBB with a Stable trend to Brookfield Finance Inc.'s (BFI or the Company) $400 million 4.625% Subordinated Notes due October 16, 2080 (the Hybrid Notes).

The Hybrid Notes are fully and unconditionally guaranteed, on a subordinated basis, by Brookfield Asset Management Inc. (rated A (low) with a Stable trend by DBRS Morningstar).

A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework and its methodologies can be found at: https://www.dbrsmorningstar.com/research/357792.

Notes:

All figures are in U.S. dollars unless otherwise noted

The principal methodologies are Rating Entities in the Real Estate Industry (June 4, 2020); Rating Companies in the Independent Power Producer Industry (May 19, 2020); Rating Companies in the Pipeline and Diversified Energy Industry (November 26, 2019); Rating Companies in the Regulated Electric, Natural Gas and Water Utilities Industry (September 16, 2020); DBRS Morningstar Criteria: Guarantees and Other Forms of Support (January 22, 2020); DBRS Morningstar Criteria: Preferred Share and Hybrid Security Criteria for Corporate Issuers (November 1, 2019); and DBRS Morningstar Criteria: Rating Corporate Holding Companies and Parent/Subsidiary Rating Relationships (November 25, 2019), which can be found on dbrsmorningstar.com under Methodologies & Criteria.

For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link under Related Documents or by contacting us at info@dbrsmorningstar.com.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

Generally, the conditions that lead to the assignment of a Negative or Positive trend are resolved within a 12-month period. DBRS Morningstar trends and ratings are under regular surveillance.

For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com.

DBRS Limited

DBRS Tower, 181 University Avenue, Suite 700

Toronto, ON M5H 3M7 Canada

Tel. +1 416 593-5577

Ratings

Date Issued	Debt Rated	Action	Rating	Trend	Issued

i

US = USA Issued, NRSRO

CA = Canada Issued, NRSRO

EU = EU Issued, NRSRO

E = EU endorsed

Unsolicited Participating With Access

Unsolicited Participating Without Access

Unsolicited Non-Participating

19-Oct-20	Fixed-Rate Subordinated Notes	New Rating	BBB	Stb	CA

ALL DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES, RATING SCALES AND METHODOLOGIES.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 58 085 M - -
Net income 2020 4 040 M - -
Net Debt 2020 137 B - -
P/E ratio 2020 -134x
Yield 2020 1,15%
Capitalization 63 001 M 63 057 M -
EV / Sales 2020 3,44x
EV / Sales 2021 3,82x
Nbr of Employees 150 000
Free-Float 79,8%
Chart BROOKFIELD ASSET MANAGEMENT INC.
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Brookfield Asset Management Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends BROOKFIELD ASSET MANAGEMENT INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 49,98 $
Last Close Price 41,54 $
Spread / Highest target 60,5%
Spread / Average Target 20,3%
Spread / Lowest Target -7,87%
EPS Revisions
Managers
NameTitle
James Bruce Flatt Chief Executive Officer & Director
Frank J. McKenna Chairman
Lori A. Pearson Chief Operating Officer & Senior Managing Partner
Nicholas Goodman Chief Financial Officer & Senior Managing Partner
Dominic Dodds Managing Director-Technology
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