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Prospect News home > News index > List of issuers P > Headlines for Prudential Financial Inc. > News item
Published on 3/19/2013 in the Prospect News Convertibles Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

S&P gives Prudential Financial notes BBB+

Standard & Poor's said it assigned its BBB+ junior subordinated debt rating to the $500 million of junior subordinated notes due 2044 being offered by Prudential Financial Inc.

The notes are rated two notches below the issuer credit rating on Prudential Financial, reflecting one notch for optional deferral and one notch for subordination to senior indebtedness, consistent with the agency's hybrid ratings criteria.


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