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Article: Manulife Financial's subsidiaries upgraded to 'AAA' by Standard & Poor's.
- Article from:
- PR Newswire
- Article date:
- November 7, 2006
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TSX/NYSE/PSE: MFC; SEHK: 0945
TORONTO, Nov. 7 /PRNewswire-FirstCall/ -- Standard & Poor's Ratings Services today raised the financial strength ratings on Manulife Financial's rated insurance subsidiaries to 'AAA' from 'AA+.' This upgrade makes Manulife one of only two publicly traded life insurance companies with 'AAA' rated insurance subsidiaries, the highest level among 21 rating categories at Standard & Poor's.
According to Standard & Poor's, the upgrade reflects Manulife's leading and well diversified business positions in Canada, the U.S., Hong Kong and other countries within the Asia Pacific rim; the high quality and consistent operating ...