Manulife Credit Ratings
Credit rating agencies assign financial strength or credit ratings to Manulife Financial, its subsidiaries and its securities.
All ratings current as of March 31, 2026.
Financial strength ratings
Company |
S&P Global Ratings |
Moody’s Investor Service Inc. |
AM Best Company |
Fitch Ratings Inc. |
Morningstar DBRS |
|---|---|---|---|---|---|
| The Manufacturers Life Insurance Company | AA- | Aa3 | A+ | AA | AA |
| John Hancock Life Insurance Company (U.S.A.) | AA- | Aa3 | A+ | AA | |
| John Hancock Life Insurance Company of New York | AA- | Aa3 | A+ | AA | |
| John Hancock Life & Health Insurance Company | AA- | Aa3 | A+ | AA | |
| Manulife (International) Limited | AA- | ||||
| Manulife Life Insurance Company | A+ | ||||
| Manulife (Singapore) Pte. Ltd. | AA- |
Senior unsecured debt ratings
Company |
S&P Global Ratings |
Moody’s Investor Service Inc. |
AM Best Company |
Fitch Ratings Inc. |
Morningstar DBRS |
|---|---|---|---|---|---|
| Manulife Financial Corporation | A | A- | A | A (high) | |
| John Hancock Life Insurance Company (U.S.A.) | AA- | A+ |
Subordinated debt ratings
Company |
S&P Global Ratings |
Moody’s Investor Service Inc. |
AM Best Company |
Fitch Ratings Inc. |
Morningstar DBRS |
|---|---|---|---|---|---|
| Manulife Finance (Delaware) L.P. | A- | BBB+ | A- | A | |
| Manulife Financial Corporation | A- | BBB+ | A- | A |
Preferred Share Ratings
Company |
S&P Global Ratings |
Moody’s Investor Service Inc. |
AM Best Company |
Fitch Ratings Inc. |
Morningstar DBRS |
|---|---|---|---|---|---|
| Manulife Financial Corporation | BBB+ | BBB | BBB | Pfd-2 (high) |
Term Deposit Notes
Company |
S&P Global Ratings |
Moody’s Investor Service Inc. |
AM Best Company |
Fitch Ratings Inc. |
Morningstar DBRS |
|---|---|---|---|---|---|
| Manulife Bank of Canada | A+ | AA (low) |
Short Term Deposit Notes
Company |
S&P Global Ratings |
Moody’s Investor Service Inc. |
AM Best Company |
Fitch Ratings Inc. |
Morningstar DBRS |
|---|---|---|---|---|---|
| Manulife Bank of Canada | A-1 | R-1 (middle) | |||
| The Manufacturers Life Insurance Company | A-1+ |
Limited Recourse Capital Notes
Company |
S&P Global Ratings |
Moody’s Investor Service Inc. |
AM Best Company |
Fitch Ratings Inc. |
Morningstar DBRS |
|---|---|---|---|---|---|
| Manulife Financial Corporation | BBB+ | bbb+ | BBB | A (low) |