Fitch rates Brighthouse debentures BB+

Fitch Ratings said it assigned a BB+ rating to Brighthouse Financial, Inc.'s upcoming issuance of junior subordinated debentures.

The debentures mature in 40 years.

Existing ratings assigned to Brighthouse and its affiliates are unaffected.

The agency said the debentures are rated three notches below Brighthouse's long-term issuer default rating, which reflects Fitch's assumption of poor recovery prospects in the event of default given the level of subordination and one additional notch for minimal non-performance risk.

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