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)
Ratings name Standard & Poor's1 Moody's A.M. Best DBRS2
Sun Life Assurance Company of Canada AA
Very Strong
Aa3
High Quality
A+
Superior
AA (low)
Excellent
Independence Life and Annuity Company NR NR B++
Good
NR
Sun Life and Health Insurance Company
(U.S.)
AA
Very Strong
NR A+
Superior
NR
Most recent credit report   S&P   Moody's (SLF)
  Moody's (SLA)
  A.M. Best3
 
  DBRS
 

NR These subsidiaries are not rated.
1 Ratings upgraded by one notch on March 14, 2019.
2 Ratings placed under review with positive implications on July 22, 2019.
3 The Best's Rating Report(s) reproduced on this site appear under license from A.M. Best and do not constitute, either expressly or implied, an endorsement of (Licensee)'s products or services. A.M. Best is not responsible for transcription errors made in presenting Best's Rating Reports. Best’s Rating Reports are copyright © A.M. Best Company and may not be reproduced or distributed without the express written permission of A.M. Best Company. Visitors to this web site are authorized to print a single copy of the Best’s Rating Report(s) displayed here for their own personal use. Any other printing, copying or distribution is strictly prohibited.
Best's Ratings are under continuous review and subject to change and/or affirmation. To confirm the current rating, please visit the A.M. Best web site, www.ambest.com.

Senior Unsecured Debenture Ratings
Ratings name Standard & Poor's Moody's A.M. Best DBRS
Sun Life Financial Inc. A+ NR a- A
Subordinated Unsecured Debentures
Subordinated Unsecured Debentures name Standard & Poor's Moody's A.M. Best DBRS
Sun Life Financial Inc. A NR bbb+ A (low)
Sun Life Assurance Company of Canada AA- A2 a A (high)
Preferred Shares
Preferred Shares name Standard & Poor's Moody's A.M. Best DBRS
Sun Life Financial Inc. A-/P-1(low) Baa1 (hyb)1 bbb Pfd-2

1 Moody's rate Preferred Shares Series 2 only.

Innovative Capital Instruments
Innovative Capital Instruments name Standard & Poor's Moody's A.M. Best DBRS
Sun Life Capital Trust A+/P-1 A3 a- A
Sun Life Capital Trust II A+/P-1 NR a- A