Moody’s rates Prudential’s junior subordinated notes at Baa1 (hyb)
New York , March 6, 2024 – Moody's Investors Service ("Moody's") has assigned a Baa1 (hyb) rating to Prudential Financial, Inc.'s (PFI; NYSE: PRU, senior debt A3, stable) anticipated issuance of fixed to fixed reset rate junior subordinated notes due in 2054. The net proceeds of the issuances will b...Prudential Financial is a holding company. Through its subsidiaries and affiliates, the company provides a range of financial products and services, including life insurance, annuities, retirement-related products and services, mutual funds and investment management. The company provides these products and services to individual and institutional customers. The company's principal operations are comprised of PGIM (its global investment management business), its United States Businesses (consisting of its United States Workplace Solutions, United States Individual Solutions, and Assurance IQ divisions), its International Businesses, the Closed Block division and its Corporate and Other operations.
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