Am best assigns issue credit rating to brighthouse financial, inc.'s new preferred shares

Oldwick, n.j.--(business wire)--am best has assigned a long-term issue credit rating of “bbb-” to the $500 million, 5.375% non-cumulative preferred stock, series c, to be issued by brighthouse financial, inc. (brighthouse) (headquartered in charlotte, nc) [nasdaq: bhf]. the outlook assigned to this credit rating (rating) is stable. this transaction follows other capital transactions executed in 2020 by brighthouse. the company intends to use the net proceeds to repay a portion of its senior not
BHF Ratings Summary
BHF Quant Ranking