The following ratings indicate that Sun Life is well prepared to meet its financial obligations to its policyholders, investors and shareholders.

Financial Strength Ratings (FSR)

  Standard & Poor's1 Moody's A.M. Best DBRS
Sun Life Assurance Company of Canada AA-
Very Strong
Aa3
High Quality
A+
Superior
AA (low)
Excellent
Independence Life and Annuity Company NR NR A-
Excellent
NR
Sun Life and Health Insurance Company
(U.S.)
AA-
Very Strong
NR A+
Superior
NR
Most recent credit report   S&P
(April 7, 2017)
  Moody's (SLF)
  Moody's (SLA)
  A.M. Best
 
  DBRS
 

NR These subsidiaries are not rated.
1 Outlook changed from stable to positive on March 13, 2017

Senior Unsecured Debenture Ratings

  Standard & Poor's Moody's A.M. Best DBRS
Sun Life Financial Inc. A NR a- A

Subordinated Unsecured Debentures

  Standard & Poor's Moody's A.M. Best DBRS
Sun Life Financial Inc. A- NR bbb+ A (low)
Sun Life Assurance Company of Canada A+ A2 a A (high)

Preferred Shares

  Standard & Poor's Moody's A.M. Best DBRS
Sun Life Financial Inc. BBB+ / P-2 (high) Baa2 bbb Pfd-2

Innovative Capital Instruments

  Standard & Poor's Moody's A.M. Best DBRS
Sun Life Capital Trust A / P-1 (low) A3 a- A
Sun Life Capital Trust II A / P-1 (low) NR a- A