Brookfield Asset Management Inc.: Rating Report

On June 25, 2018, DBRS Limited (DBRS) confirmed the longterm,
short-term and preferred shares ratings of Brookfield Asset
Management Inc. (BAM, Brookfield or the Company) and certain
of its subsidiaries at A (low), R-1 (low) and Pfd-2 (low), respectively,
as listed above. All trends are Stable.