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Brookfield Asset Management Inc. Outlook Revised To Negative From Stable On Lower-Than-Expected 2012 Credit Measures Feb 12
Standard & Poors, Feb 2012
Abstract
We are revising our outlook on Brookfield Asset Management Inc. to negative from stable. At the same time, we are affirming our ratings on the company, including our 'A-' long-term corporate credit and 'A-2' short-term ratings. We base the outlook revision on our view that Brookfield's corporate adjusted debt and remitted operating cash flows (OCF) in 2012 will result in credit measures that would be either below or very tight to our target levels for the rating. Our base case projection for Brookfield's 2012 OCF is high single-digit growth, driven by steady performance in its core sectors and modest growth in the opportunities sectors. We believe that the debt levels will increase in 2012 by about 3% from September 2011...
Companies mentioned in this report are: Brookfield Asset Management Inc.
Action: Affirmed
Action: Outlook: Negative
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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