AM Best Assigns Issue Credit Rating to Manulife Financial Corporation’s New Subordinated Notes
At the time of issuance of the capital notes, MFC will issue
The notes will be treated as Tier 1 capital. Additionally, the proceeds will be used for corporate purposes, including investment in subsidiaries and potential future redemptions of existing securities. MFC’s leverage and interest coverage ratios are expected to remain within AM Best’s guidelines for its current rating.
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Source: AM Best