AM Best Assigns Issue Credit Rating to Prudential Financial, Inc.'s Senior Unsecured Medium-Term Notes
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AM Best has assigned a Long-Term Issue Credit Rating of 'a-' to Prudential Financial, Inc.'s $750 million senior unsecured medium-term notes due 2035. The outlook is stable, and the proceeds will be used for general corporate purposes.
March 13, 2025 | 3:45 pm
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AM Best has assigned a Long-Term Issue Credit Rating of 'a-' to Prudential Financial's $750 million senior unsecured notes due 2035, with a stable outlook. The proceeds will be used for general corporate purposes.
The assignment of a stable 'a-' credit rating by AM Best to Prudential's new notes suggests a positive assessment of the company's creditworthiness. However, as the rating is stable and other ratings remain unchanged, the immediate impact on stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100