Sun Life Financial Inc. and Affiliates: Rating Report
DBRS, Inc. (DBRS Morningstar) upgraded SLF’s Issuer Rating and Senior Unsecured Debentures rating to A (high) from “A,†its Subordinated Unsecured Debentures rating to “A†from A (low) and its Preferred Shares rating to Pfd-2 (high) from Pfd-2. DBRS Morningstar also upgraded Sun Life Assurance Financial Strength Rating and Issuer Rating to AA from AA (low) and its Subordinated Debt rating to AA (low) from A (high). At the same time, DBRS Morningstar upgraded Sun Life Capital Trust’s SLEECS Series B rating and Sun Life Capital Trust II’s SLEECS Series 2009-1 rating to A (high) from “A.†The trends on all ratings are Stable.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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