| | Welcome to Manulife Financial Corporation Credit Ratings |  | | Rating agencies each assign financial strength, claims paying ability or credit ratings to The Manufacturers Life Insurance Company, its subsidiaries and its securities. All of these ratings are within each rating agency's highest ranges of categories, thereby recognizing the Company as among the strongest in the life insurance industry. | Printer Friendly Version | |
Financial Strength/Claims Paying Ability Ratings
Senior Unsecured Debt Ratings
Subordinated Debt Ratings
Commercial Paper Ratings
Manulife Financial Capital Securities (MaCS) Ratings
Preferred Share Ratings
Term Deposit Notes
Short Term Deposit Notes
Financial Strength/Claims Paying Ability Ratings
- | Standard & Poor's | Moody's | A.M. Best | Fitch | DBRS |
The Manufacturers Life Insurance Company
| AAA | Aa1 | A++ | AA+ | IC-1 |
John Hancock Life Insurance Company (U.S.A.)
| AAA | Aa1 | A++ | AA+ | |
John Hancock Life Insurance Company of New York
| AAA | Aa1 | A++ | AA+ | |
Manulife (International) Limited
| AAA | | | | |
John Hancock Life Insurance Company
| AAA | Aa1 | A++ | AA+ | |
John Hancock Variable Life Insurance Company
| AAA | Aa1 | A++ | AA+ | |
John Hancock Life & Health Insurance Co.
| AAA | Aa1 | A++ | AA+ | |
Manulife Life Insurance Company
| AAA | | | | |
 |  |  |  |  |  |

Senior Unsecured Debt Ratings
| - | Standard & Poor's | Moody's | A.M. Best | Fitch | DBRS |
John Hancock Financial Services, Inc.
| AA | A1 | a+ | AA- |  |
John Hancock Life Insurance Company
| AAA | Aa2 | aa |  |  |
John Hancock Global Funding
| AAA | Aa1 | aa+ | AA+ |  |
John Hancock Canadian Corporation
| AA | A1 |  |  | AA (low) |
Manulife Finance L.P.
| AA | aa- |  | AA- |  |

Subordinated Debt Ratings
| - | Standard & Poor's | Moody's | A.M. Best | Fitch | DBRS |
The Manufacturers Life Insurance Company
- Canadian $ debt
- US $ debt
|
AA+
AA+
|
A1
|
aa-
aa-
|
AA-
|
AA(low)
|
John Hancock Life Insurance Company
- US $ debt
|
AA
|
A1
|
aa-
|
AA-
|  |
Manulife Finance L.P.
| AA- |  | a+ | A+ |  |

Commercial Paper Ratings
| - | Standard & Poor's | Moody's | A.M. Best | Fitch | DBRS |
The Manufacturers Life Insurance Company
|  | Prime-1 | | | R-1 (middle) |
John Hancock Financial Services, Inc.
| A-1+ | Prime-1 | AMB-1 | F1+ |  |
John Hancock Life Insurance Company
| A-1+ |  | | | |

Manulife Financial Capital Securities (MaCS) Ratings
| - | Standard & Poor's | Moody's | A.M. Best | Fitch | DBRS |
| Manulife Financial Capital Trust | AA | | a+ | AA- | A(high)yn |

Preferred Share Ratings
| - | Standard & Poor's | Moody's | A.M. Best | Fitch | DBRS |
Manulife Financial Corporation
| A+ or P-1 | | a | A+ | Pfd-1 (low)n |
| The Manufacturers Life Insurance Company | AA or P-1(High) |  |  |  | R-1 (middle) |

Term Deposit Notes
| - | Standard & Poor's | Moody's | A.M. Best | Fitch | DBRS |
| Manulife Bank of Canada | AA- |  |  |  | AA |

Short Term Deposit Notes
| - | Standard & Poor's | Moody's | A.M. Best | Fitch | DBRS |
| Manulife Bank of Canada | A-1+ |  |  |  | R-1 (middle) |
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