A.M. Best Corrects Rating of Sun Life Financial Inc.'s Senior Unsecured Debentures.OLDWICK, N.J. -- A.M. Best Co. has corrected the debt rating of "bbb+" to "a" for CAD CAD: see computer-aided design. (Computer-Aided Design) Using computers to design products. CAD systems are high-speed workstations or desktop computers with CAD software. 300 million fixed/floating rate senior unsecured Unsecured A loan or equity interest that is given without any guarantee of payment, performance, satisfaction or opportunity for return from the recipient. No property, interest or security is used as collateral in either a guarantee or a pledge. debentures due 2031 of Sun Life Financial Inc. (SLF SLF Super Low Frequency (30-300 Hz; 10,000-1,000 km) SLF Self SLF Statens Landbruksforvaltning (Norwegian Agricultural Authority) SLF Sveriges Läkarförbund SLF Saalfeld ) (Toronto, Ontario). The outlook is stable. The rating appears on A.M. Best's website and unaffiliated services such as Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. . All other ratings of SLF and its life/health insurance subsidiaries are unchanged. This correction addresses the administrative error from earlier this year. For additional information, please see A.M. Best's press release dated February 27, 2009 titled "A.M. Best Downgrades Ratings of Sun Life Financial Inc. and Its Subsidiaries". The ratings of SLF and its life/health subsidiaries reflect the group's very strong positions in its core markets, diversified diversified (di·verˑ·s operations and continued profitable growth achieved organically and through acquisitions, as well as its superior capital positions. Partially offsetting these strengths are the challenges the company faces due to stresses in the global macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. environment, especially in its U.S. operations. For Best's Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology. 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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