A.M. Best Assigns Debt Ratings to ING Canada Inc.OLDWICK, N.J. -- A.M. Best Co. has assigned indicative ratings of "a-" to senior unsecured debt Unsecured debt Debt that does not identify specific assets that the debtholder is entitled to in case of default. securities, "bbb+" to subordinated unsecured debt securities and "bbb" to class A preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. to recently filed CAD 1 billion preliminary short form base shelf prospectus of ING Canada Inc. (Ontario) [TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : IIC See infranet. ]. This prospectus replaces a similar prospectus that was filed in 2005. The existing issuer credit rating of "a-" of ING Canada Inc. remains unchanged. The outlook for all ratings is stable. ING Canada Inc. is a non-operating holding company of the ING Canada Group (Ontario). For Best's Debt Ratings, all other Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com. |
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