Ratings
Financial Strength Ratings (FSR)/Claims Paying Ability
| Standard & Poor’s | Moody’s | A.M. Best | DBRS | |
| Sun Life Assurance Company of Canada | AA- Very Strong |
Aa31 Excellent |
A+ Superior |
IC-1 Superior |
| Sun Life Assurance Company of Canada (U.S.) | BBB2 Good |
Baa23 Good |
A-4 Excellent |
NR |
| Sun Life Insurance and Annuity Company of New York | BBB2 Good |
NR | A-4 Excellent |
NR |
| Independence Life and Annuity Company | BBB+ Good |
NR | A- Excellent |
NR |
| Sun Life and Health Insurance Company (U.S.) |
AA- Very Strong |
NR | A+ Superior |
NR |
| S&P [May 22, 2013, PDF, 8 pages, 279 KB] S&P [April 19, 2013, PDF, 20 pages, 406 KB] |
Moody's [PDF, 6 pages, 62 KB] |
DBRS [PDF, 17 pages, 447 KB] |
1 Negative outlook
2 Outlook developing
3 On review for downgrade
4 Under review with negative implications
NR These subsidiaries are not rated
Senior Unsecured Debenture Ratings
| Standard & Poor’s | Moody’s | DBRS | |
| Sun Life Financial Inc | A | NR | A (high) |
Subordinated Unsecured Debentures
| Standard & Poor’s | Moody’s | DBRS | |
| Sun Life Financial Inc | A- | NR | A |
| Sun Life Assurance Company of Canada | A+ | NR | A (high) |
Preferred Shares
| Standard & Poor’s | Moody’s | DBRS | |
| Sun Life Financial Inc | BBB+ / P-2 (high) | Baa31 | Pfd-2 (high) |
1 Under review for upgrade
Sun Life ExchangEable Capital Securities
| Standard & Poor’s | Moody’s | DBRS | |
| Sun Life Capital Trust | A | A31 | A |
| Sun Life Capital Trust II | A | NR | A |
1 Negative outlook

