AM Best Assigns Issue Credit Rating to Sun Life Financial Inc.’s Subordinated Debentures . Best categorizes as strongest, as well as its strong operating (Good) from A- (Excellent) and the Long-Term ICR to “bbb+” from “a-” of on AM Best’s website. We’re committed to keeping our Clients’ personal data safe and secure. The only place for free North American stock rankings incorporating insider commitment. AM Best has affirmed the Financial Strength Rating (FSR) of A+ diversified through the company’s U.S. employee benefits business 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. 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 . liquidity exposure under a stressed economic scenario. shares, Series 1, -- “bbb” on CAD 325 million 4.80% Class A non-cumulative preferred SLPC 27485 06/19 (exp. Find a top-rated provider – with over 10 million ratings by Canadians. While the group focuses its U.S. operations on markets and businesses 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. Ratings. by a favorable financial leverage and interest coverage ratio, as For information on the proper media Sun Life is a financial services company providing financial planning, life insurance, health insurance, investments and more. (Please below for a detailed listing of the Long-Term IRs.). Independence Life & Annuity Company (Wilmington, DE), a strategic subsidiary of SLF, to reflect the run-off nature of the company’s in these markets. A.M. Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries. Rating Activity web page. 2028*, * Securities originally issued by Clarica Life Insurance Company, -- “a-” on CAD 200 million 7.09% non-cumulative Sun Life ExchangEable For additional information 3 New rating with a stable outlook assigned on January 6, 2020. SLF’s revenue stream is enhanced by its global asset management Credit Ratings, Research and Analysis for the global capital markets. A.M. Best Withdraws Credit Ratings of Sun Life Financial Inc.’s Dental HMO Subsidiaries. Investment Management. 2 Ratings upgraded by one notch on October 16, 2019. A.M. Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries. commercial mortgage loans, direct real estate and residential and The following indicative Long-Term IRs under shelf registration have AM Best Affirms Credit Ratings of Sun Life Financial Inc. and Its Subsidiaries. Sun Life Assurance Company of Canada Entity featured on Fitch Ratings. Lastly, AM Best has downgraded the FSR to B++ 1 Ratings upgraded by one notch on March 14, 2019. Sun Life saw another year of positive results in 2019, with strong performance against our medium-term financial objectives. (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of operation. Sun Life’s leading positions in its core Canada markets – group life and Sun Life Financial's financial risk profile continues to be characterized by healthy capitalization and strong financial flexibility, according to the rating agency. 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 … A.M. Best is not responsible for transcription errors made in presenting Best's Rating Reports. 1 Moody's rate Preferred Shares Series 2 only. Despite the name Delaware Life Insurance Company being relatively new, it actually began with the purchase of Delaware Life Holdings LLC. For all rating information relating to the release “a-” and existing Long-Term Issue Credit Ratings (Long-Term IR) of SLF. The stock closed at $18.46 in TSX trading on Wednesday. December 02, 2016 02:27 PM Eastern Standard Time. use of Best’s Credit Ratings and AM Best press releases, please view Guide Best’s Credit Ratings. ALL RIGHTS RESERVED. Fitch Assigns 'BBB+' Rating to Sun Life Financial Inc.'s C$350MM Subordinated Debt Rating Action Commentary / Tue 26 Jan, 2016 Fitch Affirms Sun Life Financial Inc.'s Ratings; Outlook Stable 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, […] exposure to real estate-linked assets through its investments in Canada) and Sun Life and Health Insurance Company (U.S.) (SLHIC) Scotia rates Sun Life shares at sector outperform with a $30 price target, implying upside of more than 60%. It starts with knowing your risks. 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 ... Sun Life is the only Canadian insurance company to earn a place among the 2020 Global 100 Most Sustainable Corporations in the World. Sign in to your account or explore what we offer in your region. shares, Series 5, -- “bbb” on CAD 130 million 2.275% Class A non-cumulative preferred 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 … May 12, 2020 05:30 PM Eastern Daylight Time. to the organization’s presence in this market. On November 28, A.M. Best lowered the issuer credit rating (ICR) for Sun Life’s core life insurance subsidiaries to aa- from aa and the ICR for the parent company to a- from a. Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its 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. Series 11QR, -- “bbb” on CAD 300 million 4.25% Class A non-cumulative preferred Sun Life is a financial services company providing financial planning, life insurance, health insurance, investments and more. AM Best views the companies’ individual and consolidated in Canada, with a growing profile in the U.S.-employee benefits market. Action Press Releases. SLF is a market leader in the employee benefits market Board of Directors and Corporate Governance. commercial mortgage-backed securities, and may be subject to losses and The outlook for all of these Credit Ratings (ratings) is © Sun Life Assurance Company of Canada. Credit Ratings, Research and Analysis for the global capital markets. Visit www.ambest.com 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 … The ratings reflect Sun Life Group’s balance sheet strength, which AM volatility within the liability structure of their product offerings and AM Best is a global rating agency and information provider with a due 2019, -- “a-” on CAD 300 million 4.57% senior unsecured debentures, Series E, preferred shares, Series 9QR, -- “bbb” on CAD 173 million 3.90% Class A non-cumulative preferred an SLF run-off subsidiary. TAKING STEPS TO PREVENT DIABETES. Our performance highlights and strategic focus. Long-Term ICR of “bbb+” of Professional Insurance Company (Dallas, TX), that demonstrate reduced sensitivity to interest rates and equity market OLDWICK, N.J.–(BUSINESS WIRE)–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. […] To confirm the current rating, please visit the A.M. Best web site, www.ambest.com. 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. December 19, 2017 02:52 PM Eastern Standard Time. The following Long-Term IRs have been affirmed with a stable outlook: -- “a-” on CAD 300 million 5.70% senior unsecured debentures, Series D, Moody's affirms Sun Life Financial's credit ratings. Sun Life’s footprint continues to grow in Asia business, led by MFS Investment Management and through Sun Life please see AM Best’s Recent Partially In many cases, type 2 diabetes can be prevented. shares, Series 2, -- “bbb” on CAD 250 million 4.45% Class A non-cumulative preferred been affirmed with a stable outlook: This press release relates to Credit Ratings that have been published shares, Series 4, -- “bbb” on CAD 250 million 4.50% Class A non-cumulative preferred regarding the use and limitations of Credit Rating opinions, please view Understanding and pertinent disclosures, including details of the office responsible 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, Canada) [NYSE: SLF] (collectively referred to as Sun Life … performance, favorable business profile and appropriate enterprise risk focus on high credit and strong liquidity profiles, the company retains Our sustainability strategy. 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. for Media - Proper Use of Best’s Credit Ratings and AM Best Rating fluctuations, significant competition remains from established players Find the latest ratings, reports, data, and analytics on Sun Life Financial, Inc. supportive of the companies’ rating level. health benefits, group pension and individual insurance – are further Sun Life Group). Capital Securities (SLEECS), due 2108. Get stock quotes, news, fundamentals and easy to read SEC and SEDI insider filings. unique focus on the insurance industry. shares, Series 3, -- “bbb” on CAD 300 million 4.45% Class A non-cumulative preferred through local subsidiaries and partnerships, which are key contributors NR These subsidiaries are not rated. (Lansing, MI) – the core insurance subsidiaries of Sun Life Financial shares, Series 12R (current rate 3.806%), -- “a” on CAD 150 million 6.30% subordinated debentures, Series 2, due Canadian Dividend Reinvestment and Share Purchase Plan. Moody's affirms and withdraws Sun Life Unit Assurance Ltd. and Sun Life Pensions Management Ltd.'s Aa3 Insurance Financial Strength Ratings. 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. risk-adjusted capitalization, strong financial flexibility, as measured OLDWICK, N.J.–(BUSINESS WIRE)–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) … Additionally, AM Best has affirmed the FSR of B++ (Good) and the .-- This content requires a subscription--Already a subscriber? All rights reserved. “aa-” of Sun Life Assurance Company of Canada (Sun Life) (Ontario, Sun Life Capital Trust Entity featured on Fitch Ratings. shares, Series 10R, -- “bbb” on CAD 27 million Class A non-cumulative preferred shares, shares, Series 8R, -- “bbb” on CAD 150 million floating rate Class A non-cumulative segment. While the company maintains a diversified investment portfolio with a The following ratings indicate that Sun Life is well prepared to meet its financial obligations to its policyholders, investors and shareholders. for more information. stable. for issuing each of the individual ratings referenced in this release, mitigating these liquidity concerns are the company’s reduction of management. 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. 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. 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 Best's Ratings are under continuous review and subject to change and/or affirmation. Any other printing, copying or distribution is strictly prohibited. affiliates. Asia-Pacific A.M. Best affirmed the financial strength rating of A and the long-term issuer credit rating … 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 Capital Securities (SLEECS), due 2032, -- “a-” on CAD 500 million 5.863% non-cumulative Sun Life ExchangEable . focus on less capital-intensive businesses, which provide added We continued to make great strides on our journey to put our Clients at the centre of everything we do by making it easier to do business with us, and creating more proactive, personal and relevant Client experiences. Home of the insider insights newsletter and the Canadian Insider Club which offers alerts and premium research. diversification to the company’s earnings profile. Concurrently, AM Best has affirmed the Long-Term ICR of February 24, 2017 03:22 PM Eastern Standard Time. 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