OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has assigned a Long-Term Issue Credit Rating(Long-Term IR) of “bbb” to the $750 million 4.50% fixed-to-floating rate junior subordinated notes due 2047 that were recently issued by Prudential Financial Inc. (PFI) (Newark, NJ) [NYSE:PRU]. The outlook assigned to the Credit Rating (rating) is stable. The existing ratings of PFI and its subsidiaries are unchanged. The assigned Long-Term IR reflects the note’s deeply subordinated status within PFI’s capital
