{"id":20030,"date":"2026-06-12T01:13:00","date_gmt":"2026-06-11T23:13:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=1af972cb50b911e69bdc8a393da4b2db"},"modified":"2026-06-12T01:13:00","modified_gmt":"2026-06-11T23:13:00","slug":"am-best-assigns-issue-credit-rating-to-prudential-financial-inc-s-new-junior-subordinated-notes","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=20030","title":{"rendered":"AM Best Assigns Issue Credit Rating to Prudential Financial, Inc.\u2019s New Junior Subordinated Notes"},"content":{"rendered":"

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best <\/b>has assigned a Long-Term Issue Credit Rating (Long-Term IR) of \u201cbbb\u201d (Good) to the $750 million, 6.25% fixed rate junior subordinated notes, due 2056, of Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU]. At the same time AM Best has assigned a Long-Term IR of \u201caa-\u201d (Superior) to the $450 million, 5% medium term notes, due 2031, of PRICOA Global Funding I. The outlook assigned to these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

\nThe proceeds of the junior subordinated notes issuance are expected to be used for general corporate purposes, which may include repurchasing all of Prudential\u2019s $750 million, 4.5% fixed to floating rate junior subordinated notes, due 2047, and callable in 2027. Following the issuances, the adjusted financial leverage at Prudential stands at 25.6%, as calculated by AM Best, which includes 45% equity credit. Interest coverage is considered adequate. Liquidity remains strong with $3.7 billion in highly liquid assets at the parent company level as of March 31, 2026.<\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best's Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nTyler Samani<\/b>Financial Analyst<\/b>+1 908 882 2296<\/b>tyler.samani@ambest.com<\/a>\nKate Steffanelli<\/b>Associate Director<\/b>+1 908 882 2337<\/b>kate.steffanelli@ambest.com<\/a>\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a>\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of \u201cbbb\u201d (Good) to the $750 million, 6.25% fixed rate junior subordinated notes, due 2056, of Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20030","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/20030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20030"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/20030\/revisions"}],"predecessor-version":[{"id":20031,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/20030\/revisions\/20031"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}