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AM Greatest Assigns Situation Credit score Rankings to Manulife Monetary Company’s New Senior Unsecured Notes and New Shelf Registration


Greatest’s Information & Analysis Service – March 22, 2022 09:28 AM (EDT)

  • March 22, 2022 09:28 AM (EDT)

Oldwick //BestWire// – AM Greatest has assigned Lengthy-Time period Situation Credit score Rankings (Lengthy-Time period IR) of “a-” (Wonderful) to the just lately introduced $750 million of three.703% senior unsecured notes, due 2032. Concurrently, AM Greatest has assigned indicative Lengthy-Time period IRs of “a-” (Wonderful) to senior unsecured points, “bbb+” (Good) to subordinated points and “bbb” (Good) to most popular securities points to the just lately filed shelf registration of Manulife Monetary Company (MFC) (Toronto, Canada). The outlook assigned to those Credit score Rankings (scores) is secure.

The senior unsecured notes had been issued as senior unsecured inexperienced notes, and MFC intends to make use of the proceeds to finance or refinance, partially or full, new or present eligible inexperienced property. Moreover, with the issuance of the senior unsecured notes and up to date redemption of its Class 1 Sequence 23 and Sequence 7 most popular shares, MFC’s monetary leverage and curiosity protection ratios stay inside an applicable vary for the corporate’s present scores.

This press launch pertains to Credit score Rankings which have been revealed on AM Greatest’s web site. For all ranking info regarding the discharge and pertinent disclosures, together with particulars of the workplace liable for issuing every of the person scores referenced on this launch, please see AM Greatest’s Current Ranking Exercise internet web page. For added info relating to the use and limitations of Credit score Ranking opinions, please view Information to Greatest’s Credit score Rankings. For info on the correct use of Greatest’s Credit score Rankings, Greatest’s Efficiency Assessments, Greatest’s Preliminary Credit score Assessments and AM Greatest press releases, please view Information to Correct Use of Greatest’s Rankings & Assessments.

AM Greatest is a world credit standing company, information writer and knowledge analytics supplier specializing within the insurance coverage trade. Headquartered in the USA, the corporate does enterprise in over 100 nations with regional workplaces in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico Metropolis.

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