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Published on 6/10/2009 in the Prospect News Investment Grade Daily.

Fitch rates Prudential Financial notes BBB

Fitch Ratings said it rated Prudential Financial, Inc.'s $1 billion in senior unsecured notes as part of its medium-term note program at BBB.

The outlook remains negative.

Proceeds are expected to be used for general corporate purposes.

The affirmations follow the completed issuance of $1 billion in medium-term-notes ($250 million with maturity in 5½ years and $750 million with maturity in 10 years) and $1.44 billion in common equity, according to the agency.


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