MAY 19, 2020 11:23:15 Eastern Daylight Time

AM Best Assigns Issue Credit Rating to Manulife Financial Corporation’s Senior Unsecured Notes

 Anthony McSwieney
Senior Financial Analyst
+1 908 439 2200, ext. 5715

Michael Adams
Associate Director
+1 908 439 2200, ext. 5133
Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644


OLDWICK - MAY 19, 2020 11:23:15 Eastern Daylight Time
AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “a-” to the $500 million 2.484% senior unsecured notes, due May 19, 2027, issued by Manulife Financial Corporation (MFC) (Toronto, Canada). The outlook assigned to this Credit Rating (rating) is stable.

MFC intends to use the proceeds from the sale of the notes for general corporate purposes, including future refinancing requirements. MFC periodically may redeem some or all of the notes. Despite the new issuance, MFC’s financial leverage remains within the range for the company’s current ratings.

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