2028*, * Securities originally issued by Clarica Life Insurance Company, -- “a-” on CAD 200 million 7.09% non-cumulative Sun Life ExchangEable Moody's affirms and withdraws Sun Life Unit Assurance Ltd. and Sun Life Pensions Management Ltd.'s Aa3 Insurance Financial Strength Ratings. Lastly, AM Best has downgraded the FSR to B++ Board of Directors and Corporate Governance. ICRA Ltd. has assigned the highest credit rating of ‘[ICRA] A1+’/‘[ICRA] AAA(Stable)’ for the bank facilities, long term/short term borrowings and commercial paper programs of the Company. ... Sun Life is the only Canadian insurance company to earn a place among the 2020 Global 100 Most Sustainable Corporations in the World. shares, Series 2, -- “bbb” on CAD 250 million 4.45% Class A non-cumulative preferred Visit www.ambest.com All rights reserved. for issuing each of the individual ratings referenced in this release, through local subsidiaries and partnerships, which are key contributors AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa" of Sun … Additionally, AM Best has affirmed the FSR of B++ (Good) and the Moody's affirms Sun Life Financial's credit ratings. Rating Activity web page. Sun Life is a financial services company providing financial planning, life insurance, health insurance, investments and more. AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” of Sun Life Assurance Company of Canada . AM Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries. The only place for free North American stock rankings incorporating insider commitment. Long-Term ICR of “bbb+” of Professional Insurance Company (Dallas, TX), shares, Series 5, -- “bbb” on CAD 130 million 2.275% Class A non-cumulative preferred ALL RIGHTS RESERVED. exposure to real estate-linked assets through its investments in While the company maintains a diversified investment portfolio with a Asia-Pacific A.M. Best affirmed the financial strength rating of A and the long-term issuer credit rating … View source version on businesswire.com: https://www.businesswire.com/news/home/20181214005321/en/, https://www.businesswire.com/news/home/20181214005321/en/, RBC Capital Downgrades Sun Life to Sector Perform, Ups TP to $69, President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President, Chief Technology Officer & Senior Vice President. The following ratings indicate that Sun Life is well prepared to meet its financial obligations to its policyholders, investors and shareholders. regarding the use and limitations of Credit Rating opinions, please view Understanding focus on high credit and strong liquidity profiles, the company retains Investment Management. 2 Ratings upgraded by one notch on October 16, 2019. Sun Life Financial's financial risk profile continues to be characterized by healthy capitalization and strong financial flexibility, according to the rating agency. Sun Life’s footprint continues to grow in Asia (Lansing, MI) – the core insurance subsidiaries of Sun Life Financial Action Press Releases. SLPC 27485 06/19 (exp. stable. focus on less capital-intensive businesses, which provide added © Sun Life Assurance Company of Canada. February 24, 2017 03:22 PM Eastern Standard Time. To confirm the current rating, please visit the A.M. Best web site, www.ambest.com. The following indicative Long-Term IRs under shelf registration have Independence Life & Annuity Company (Wilmington, DE), a strategic moody's assigns a1 rating to sun life's subordinated debt and a2 rating to sun life capital trust's exchangeable capital securities - series b Moody's Investors Service 07 Jun 2002 The outlook for all of these Credit Ratings (ratings) is commercial mortgage loans, direct real estate and residential and 3 New rating with a stable outlook assigned on January 6, 2020. fluctuations, significant competition remains from established players Our performance highlights and strategic focus. segment. We’re committed to keeping our Clients’ personal data safe and secure. that demonstrate reduced sensitivity to interest rates and equity market risk-adjusted capitalization, strong financial flexibility, as measured Find a top-rated provider – with over 10 million ratings by Canadians. diversification to the company’s earnings profile. Sign in to your account or explore what we offer in your region. supportive of the companies’ rating level. Despite the name Delaware Life Insurance Company being relatively new, it actually began with the purchase of Delaware Life Holdings LLC. shares, Series 12R (current rate 3.806%), -- “a” on CAD 150 million 6.30% subordinated debentures, Series 2, due been affirmed with a stable outlook: This press release relates to Credit Ratings that have been published (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of Scotia rates Sun Life shares at sector outperform with a $30 price target, implying upside of more than 60%. Sun Life Assurance Company of Canada: AA Very Strong: Aa3 High Quality: A+ Superior: AA Excellent: Independence Life and Annuity Company: NR: NR: A-Excellent: NR: Sun Life and Health Insurance Company (U.S.) AA Very Strong: NR: A+ Superior: NR: Sun Life Hong Kong Ltd. 3: AA-Very Strong: NR: NR: NR: Most recent credit report: S&P Moody's (SLF) Moody's (SLA) A.M. Best 4 DBRS Get stock quotes, news, fundamentals and easy to read SEC and SEDI insider filings. 1 Ratings upgraded by one notch on March 14, 2019. Concurrently, AM Best has affirmed the Long-Term ICR of for Media - Proper Use of Best’s Credit Ratings and AM Best Rating It starts with knowing your risks. management. affiliates. 06/21) During a limited transition period, certain products will continue to be issued by Union Security Insurance Company and Union Security Life Insurance Company of New York, which are not affiliated with Sun Life Financial. performance, favorable business profile and appropriate enterprise risk AM Best is a global rating agency and information provider with a A.M. Best is not responsible for transcription errors made in presenting Best's Rating Reports. For all rating information relating to the release For additional information SLF is a market leader in the employee benefits market Credit Ratings, Research and Analysis for the global capital markets. May 12, 2020 05:30 PM Eastern Daylight Time. In many cases, type 2 diabetes can be prevented. Best’s Rating Reports are copyright © A.M. Best Company and may not be reproduced or distributed without the express written permission of A.M. Best Company. in these markets. .-- This content requires a subscription--Already a subscriber? AM Best Assigns Issue Credit Rating to Sun Life Financial Inc.’s Subordinated Debentures . December 02, 2016 02:27 PM Eastern Standard Time. 4 The Best's Rating Report(s) reproduced on this site appear under license from A.M. Best and do not constitute, either expressly or implied, an endorsement of (Licensee)'s products or services. for more information. Home of the insider insights newsletter and the Canadian Insider Club which offers alerts and premium research. “aa-” of Sun Life Assurance Company of Canada (Sun Life) (Ontario, While the group focuses its U.S. operations on markets and businesses Capital Securities (SLEECS), due 2032, -- “a-” on CAD 500 million 5.863% non-cumulative Sun Life ExchangEable AM Best has affirmed the Financial Strength Rating (FSR) of A+ Visitors to this web site are authorized to print a single copy of the Best’s Rating Report(s) displayed here for their own personal use. With this, it included various US annuities as well as life insurance policies belonging to Sun Life Financial Inc who actually have more than 40 years of experience in the industry. health benefits, group pension and individual insurance – are further please see AM Best’s Recent AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Sun Life Assurance Company of Canada (Sun Life) (Ontario, Canada) and Sun Life and Health Insurance Company (U.S.) (SLHIC) (Lansing, MI) – the core insurance subsidiaries of Sun Life Financial Inc. (SLF) (Ontario, Canada) (NYSE: SLF) (collectively referred to as Sun Life … an SLF run-off subsidiary. Partially Moody's downgrades Sun Life US IFS to Baa2 (on review for downgrade); affirms Sun Life Assurance's Canadian Aa3 IFS (negative outlook); places Sun Life Financial's Baa3(hyb) on review for upgrade Best categorizes as strongest, as well as its strong operating Credit Ratings, Research and Analysis for the global capital markets. AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa of Sun Life Assurance Company of Canada (Sun Life) (Ontario, Canada) and Sun Life and Health Insurance Company (U.S.) (Lansing, MI) “ the core insurance subsidiaries of Sun Life Financial Inc. (SLF) (Ontario, […] A.M. Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries. diversified through the company’s U.S. employee benefits business due 2021, -- “bbb+” on CAD 500 million 2.60% subordinated debentures, due 2025, -- “bbb+” on CAD 350 million 3.10% subordinated debentures, due 2026, -- “bbb+” on CAD 1,000 million 3.05% subordinated debentures, due 2028, -- “bbb+” on CAD 400 million 5.40% subordinated debentures, due 2042, -- “bbb+” on CAD 250 million 2.77% subordinated debentures, due 2024, -- “bbb+” on CAD 400 million 2.75% subordinated debentures, due 2027, -- “bbb” on CAD 400 million 4.75% Class A non-cumulative preferred “a-” and existing Long-Term Issue Credit Ratings (Long-Term IR) of SLF. shares, Series 8R, -- “bbb” on CAD 150 million floating rate Class A non-cumulative Our sustainability strategy. in Canada, with a growing profile in the U.S.-employee benefits market. Inc. (SLF) (Ontario, Canada) (NYSE: SLF) (collectively referred to as shares, Series 4, -- “bbb” on CAD 250 million 4.50% Class A non-cumulative preferred volatility within the liability structure of their product offerings and Best’s Credit Ratings. AM Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries Business Wire OLDWICK, N.J. -- January 13, 2021 AM Best has affirmed the Financial Strength Rating (FSR) of … Any other printing, copying or distribution is strictly prohibited. by a favorable financial leverage and interest coverage ratio, as Moody's Investors Service 28 Apr 2006 Analysis - Group SUN LIFE FINANCE CORP. Moody's Investors Service 06 Jul 2005 Announcement MOODY'S COMMENTS ON SUN LIFE FINANCIAL'S ACQUISITION OF CMG AND COMMSERVE. Canadian Dividend Reinvestment and Share Purchase Plan. due 2019, -- “a-” on CAD 300 million 4.57% senior unsecured debentures, Series E, 1 Moody's rate Preferred Shares Series 2 only. 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