MAY 13, 2020 05:01:08 Eastern Daylight Time

AM Best Assigns Issue Credit Ratings to Manulife Financial Corporation’s Subordinated Debentures


CONTACTS:
 Anthony McSwieney
Senior Financial Analyst
+1 908 439 2200, ext. 5715
anthony.mcswieny@ambest.com

Michael Adams
Associate Director
+1 908 439 2200, ext. 5133
michael.adams@ambest.com
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

FOR IMMEDIATE RELEASE

OLDWICK - MAY 13, 2020 05:01:08 Eastern Daylight Time
AM Best has assigned Long-Term Issue Credit Ratings of “bbb+” to the CAD 1.0 billion 2.237% fixed-to-floating rate subordinated debentures due May 12, 2030, and the CAD 1.0 billion 2.818% fixed-to-floating rate subordinated debentures due May 13, 2035, recently issued by Manulife Financial Corporation (Toronto, Canada). The outlook assigned to these Credit Ratings (rating) is stable.

The proceeds from the sale of debentures will be used for general corporate purposes, which can include future refinancing requirements.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.


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AMB# Company Name
066866 Manulife Financial Corporation