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News releases

January 06, 2020

Sun Life Hong Kong Limited Assigned ‘AA-’ Ratings; Outlook Stable by S&P Global Ratings

Hong Kong, January 6, 2020 - Sun Life Hong Kong Limited (“the Company”), a subsidiary of Sun Life Financial Inc. (“SLF Inc.”), has been assigned “AA-” long-term issuer credit and financial strength ratings by S&P Global Ratings (“S&P”), with a stable outlook. S&P recognizes that the Company plays a very important role to the strategic growth plan of SLF Inc. in Asia, and is one of the key contributors to the business growth and profits of SLF Inc. in Asia.

Fabien Jeudy, Chief Executive Officer, Sun Life Hong Kong Limited, said, "We are delighted to have received the rating from S&P. This is a testament to our financial strength and robust capital position. As our business involves financial obligations to clients that often extend over decades to come, we are committed to building an enduring business through a balanced business portfolio, disciplined and robust risk management practices, and prudent financial management. We are proud that our clients can count on our tireless efforts in enhancing our services and products to meet their evolving financial needs.”

Sun Life Hong Kong Limited serves both individual and corporate clients in Hong Kong by offering a wide range of life, health and wealth solutions. “With over 127 years of presence in Hong Kong as well as the strong support from parent company, we are well positioned to capture the growth opportunities in Hong Kong and help clients achieve lifetime financial security and live healthier lives,” added Jeudy.

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About Sun Life

SLF Inc. is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2019, Sun Life had total AUM of CAD$1,063 billion. For more information please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.