Sun Life Financial Inc. And Most Related Ratings Lowered By One Notch Apr 10

Standard & Poors, April 2010

Abstract
We believe Sun Life Financial Inc.'s 2010 after-tax operating earnings will come in below our expectation and that the U.S. investment portfolio will show further asset impairments, which will add pressure to the group's capital. Based on weaker-than-expected operating earnings and expected future pressure on capital, we have lowered the ratings on SLF and its North American subsidiaries by one notch. The outlook on SLF's North American subsidiaries is stable, and the outlook on SLF is negative. NEW YORK (Standard & Poor's) April 13, 2010--Standard & Poor's Ratings Services said today that it lowered its long-term counterparty credit and financial strength ratings on Sun Life Financial Inc.'s (SLF) core insurance subsidiaries--Sun Life Assurance Co. of Canada (SLA), Sun Life Assurance...

Companies mentioned in this report are: Sun Life Financial Inc.,Sun Life Assurance Co. of Canada,Sun Life Assurance Co. of Canada (U.S.),Independence Life & Annuity Co.,Sun Life Insurance & Annuity Co. of New York,Sun Life Hong Kong Ltd.
Action: Downgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Sun Life Financial Inc.,Sun Life Assurance Co. of Canada,Sun Life Assurance Co. of Canada (U.S.),Independence Life & Annuity Co.,Sun Life Insurance & Annuity Co. of New York,Sun Life Hong Kong Ltd.

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