Manulife Upgraded by Standard & Poor's to Top Triple-A rating

Standard & Poor’s Ratings Services have recently raised the financial-strength rating on Manulife Financial’s rated insurance subsidiaries to ‘AAA’ from ‘AA+,’ including that of The Manufacturers Life Insurance Company (“MLI”), the parent company of Manulife (Vietnam) Limited (“Manulife Vietnam”). 

The upgrade reflects the group’s leading and highly diverse business positions in Canada, the U.S., Hong Kong, Vietnam and other locations within the Pacific Rim. It also reflects its high quality and consistent operating performance, very strong and highly diverse investment portfolio, extremely strong capital adequacy, and excellent enterprise risk management framework.

David Wong, General Director of Manulife Vietnam, said he was delighted with the latest upgrade. “This top-of-the-class rating from such an established ratings agency underlines not only our financial strength — which should be a source of great comfort to our customers — but also the operational skills and outstanding service standards that

have led to it,” he said.