Am best assigns issue credit rating to prudential financial inc.'s new junior subordinated notes

Oldwick, n.j.--(business wire)-- #insurance--am best has assigned long-term issue credit rating of “bbb” (good) to the $1 billion, 5.125% junior subordinated notes, due march 1, 2052, of prudential financial, inc. (prudential) (newark, nj) [nyse: pru]. the outlook assigned to the credit rating (rating) is stable. all other ratings of prudential and its subsidiaries are unchanged. the proceeds from this debt issuance are expected to be used for general corporate purposes, which may include the redemption or
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