Sun Life Financial Inc. http://www.alacrastore.com/company-snapshot/Sun_Life_Financial_Inc-2103848 Saturday, July 26, 2008 8:10:27 AM 2103848 Sun Life Financial Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/565746spcred/565746normThe latest Full Report from S&Pglobalpubfin7/24/2008 2:35:24 AM400Full Report565746CanadaLife & Health InsuranceCanadaGlobal IssuersPublic FinanceInsuranceFull ReportOne of the three largest life insurance groups operating in the Canadian market Good brand name awareness in the U.S., but competitive position could be further strengthened with additional scale Well-diversified by customer, geography, and product Very strong operating earnings and solid capital position Conservative credit risk appetite and reserving practices Margin compression on fixed annuity product due to low interest rates in the U.S. Holding company's dependence on its insurance companies for cash flow The ratings on Sun Life Financial Inc. (Sun Life Financial) are supported by the 'AA+' financial strength ratings on its primary Canadian and U.S. insurance operating subsidiaries. The ratings on these insurance companies reflect the insurers' very strong operating performance, business profile, and extremely strongCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNFULLGLOBISSPUBFININSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/565748spcred/565748normThe latest Summary from S&Pglobalpubfin7/24/2008 2:35:24 AM175Summary565748CanadaLife & Health InsuranceCanadaGlobal IssuersPublic FinanceInsuranceSummaryThe ratings on Sun Life Financial Inc. (Sun Life Financial) are supported by the 'AA+' financial strength ratings on its primary Canadian and U.S. insurance operating subsidiaries. The ratings on these insurance companies reflect the insurers' very strong operating performance, business profile, and extremely strong consolidated capital strength. Partially offsetting these strengths are the strong competitive pressures that Sun Life Financial faces in its primary markets; the susceptibility of its wealth management businesses to earnings volatility given the uncertainties associated with the equity markets and interest rates; the impact of the devalued U.S. dollar against the Canadian dollar, which is Sun Life Financial's reporting currency; and economic and political risk associated with investments in emerging markets. The ratings on SunCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNSUMMARYGLOBISSPUBFININSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/556700spcred/556700normThe latest News from S&Pglobalpubfin7/24/2008 2:35:23 AM100News556700CanadaLife & Health InsuranceCanadaGlobal IssuersPublic FinanceInsuranceNewsTORONTO (Standard&Poor's) Jan. 11, 2007--Standard&Poor's Ratings Services today said that Sun Life Financial Inc.'s (Sun Life; TSX: SLF; NYSE: SLF; AA-/Stable/A-1+) announcement that it has reached an agreement to purchase the U.S. group life and health insurance operations from Genworth Financial Inc. (NYSE: GNW; A/Stable/A-1) for US$650 million would not affect the ratings or outlook on Sun Life or any of its rated insurance subsidiaries. The financial strength rating on Sun Life's lead Canadian and U.S. operating insurance companies is 'AA+/Stable'. The transaction, which requires both U.S. and Canadian regulatory approval, is expected to close in the second quarter of 2007. This acquisition, which includes about 2.5 million in plan participants, is well within Sun Life'sCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNNEWSUSA36159B37247D3724P23724P340301030 403010 4030 40Genworth Financial Inc.379181USACANGNWGLOBISSPUBFININSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/487720spcred/487720normThe latest Full Report from S&Pglobalstructuredpubfin7/24/2008 2:35:18 AM400Full Report487720CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceInsuranceAsset-Backed SecuritiesResidential MBSFull ReportOne of the three largest life insurance groups operating in the Canadian market Good brand name awareness in the U.S. Well diversified by customer, geography, and product Very strong operating earnings and solid capital position Conservative credit risk appetite and reserving practices Strong investment and risk management function No debt double leverage employed by the holding company Negative impact of currency translation on U.S. and other foreign currency-denominated earnings Margin compression on fixed annuity product due to low interest rates Competitive position in the U.S. could be further strengthened with additional scale Economic and political risk associated with investments in emerging markets Holding company's dependence on its insurance companies for cash flow The ratings on Toronto-based Sun Life Financial Inc.CAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNFULLUSACANBMU86664R86679386679QC8668#86679#86605T86679945359#86679T86683#40301020 403010 4030 4040201020 402010 4020 4040203010 402030 4020 40Sun Life Financial Global Funding LPSun Life Assurance Co. of CanadaSun Life Assurance Co. of Canada (U.S. branch)Sun Life Hong Kong Ltd.Sun Canada Financial Co.Sun Life Insurance&Annuity Co. of New YorkSun Life Assurance Co. of Canada (U.S.)Sun Life Capital TrustIndependence Life&Annuity Co.108400115474116725117801127618303839331003354005382671EUROMIDAFRLATAMERICACANEMERGINGUSACMGZ@CH103901Z@CN3802Z@CN3636Z3546ZSLF@CN3636Z3803Z@CNGLOBISSSTRUCPUBFININSABSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/487721spcred/487721normThe latest Summary from S&Pglobalpubfin7/24/2008 2:35:18 AM175Summary487721CanadaLife & Health InsuranceCanadaGlobal IssuersPublic FinanceInsuranceSummaryThe ratings on Toronto-based Sun Life Financial Inc. (Sun Life Financial) are supported by the 'AA+' financial strength ratings on its primary Canadian and U.S. insurance operating subsidiaries. The ratings on these insurance companies reflect their very strong operating performance, business profile, and extremely strong consolidated capital strength. Partially offsetting these strengths are the intense competitive pressures that Sun Life Financial faces in its primary markets; the susceptibility of its wealth management businesses to earnings volatility given the uncertainties associated with the equity markets and interest rates; the impact of the devaluated U.S. dollar against the Canadian dollar, which is Sun Life Financial's reporting currency; and economic and political risk associated with investments in emerging markets. The ratings on SunCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNSUMMARYGLOBISSPUBFININSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/481655spcred/481655normThe latest News from S&Pglobalpubfin7/24/2008 2:35:16 AM100News481655CanadaLife & Health InsuranceCanadaGlobal IssuersPublic FinanceInsuranceNewsTORONTO (Standard&Poor's) Dec. 13, 2005--Standard&Poor's Ratings Services today said it raised its counterparty credit ratings on Sun Life Financial Inc. (Sun Life Financial) to 'AA-/A-1+', from 'A+/A-1', based on the progress seen in the operating performance of its U.S. businesses. At the same time, Standard&Poor's affirmed all of the ratings on Sun Life Financial's rated operating subsidiaries (collectively known as Sun Life). The outlook is stable. The ratings on Toronto-based Sun Life Financial are supported by the underlying financial strength of its primary Canadian and U.S. insurance operating subsidiaries. The ratings on these insurance companies reflect their very strong operating performance, business profile, and extremely solid consolidated capital strength. Partially offsetting these strengths areCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNNEWSGLOBISSPUBFININSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/481656spcred/481656normThe latest Research Update from S&Pglobalstructuredpubfin7/24/2008 2:35:16 AM175Research Update481656CanadaLife & Health InsuranceCanadaStructured FinanceGlobal IssuersPublic FinanceAsset-Backed SecuritiesResidential MBSInsuranceResearch UpdateOn Dec 13, 2005, Standard&Poor's Ratings Services raised the counterparty credit ratings on Sun Life Financial Inc. (Sun Life Financial) to 'AA-/A-1+', from 'A+/A-1', based on the progress seen in the operating performance of its U.S. businesses. At the same time, Standard&Poor's affirmed all of the ratings on Sun Life Financial's rated operating subsidiaries (collectively known as Sun Life). The outlook is stable. The ratings on Toronto-based Sun Life Financial are supported by the underlying financial strength of its primary Canadian and U.S. insurance operating subsidiaries. The ratings on these insurance companies reflect their very strong operating performance, business profile, and extremely solid consolidated capital strength. Partially offsetting these strengths are the intense competitive pressures thatCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNRESUPDUSACAN86683#86679#86679986679Q45359#86605T866793C8668#40301020 403010 4030 40Sun Life Assurance Co. of CanadaSun Life Assurance Co. of Canada (U.S. branch)Sun Life Insurance&Annuity Co. of New YorkSun Life Assurance Co. of Canada (U.S.)Sun Life Capital TrustIndependence Life&Annuity Co.108400115474116725117801127618354005EMERGINGLATAMERICAUSACANEUROMIDAFR3802Z@CN3636Z3546ZSLF@CN3636Z103901Z@CNSTRUCGLOBISSPUBFINABSRMBSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/475380spcred/475380normThe latest News from S&Pglobalstructuredpubfin7/24/2008 2:35:15 AM100News475380CanadaLife & Health InsuranceCanadaPublic FinanceGlobal IssuersStructured FinanceInsuranceAsset-Backed SecuritiesResidential MBSNewsTORONTO (Standard&Poor's) Nov. 16, 2005--Standard&Poor's Ratings Services today said it assigned its 'A+' senior unsecured debt rating to Sun Life Financial Inc.'s (Sun Life Financial; A+/Positive /A-1; TSX: SLF-T; NYSE: SLF-N) proposed series A senior unsecured fixed-floater debenture issuance of up to C$600 million due 2035. At the same time, Standard&Poor's affirmed the existing ratings on Toronto-based Sun Life Financial and its primary insurance operating companies, collectively known as Sun Life: Sun Life Assurance Co. of Canada (AA+/Stable/A-1+), Sun Life Assurance Co. of Canada (U.S.) (AA+/Stable/--), and Sun Life Insurance&Annuity Co. of New York (AA+/Stable/--). The outlook on Sun Life Financial is positive. The proceeds from the senior unsecured debt will beCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNNEWSUSACAN86683#C8668#86605T86679#86679940301020 403010 4030 40Sun Life Assurance Co. of CanadaSun Life Insurance&Annuity Co. of New YorkSun Life Assurance Co. of Canada (U.S.)108400115474117801CANEUROMIDAFRLATAMERICAEMERGINGUSA3802Z@CN3636ZSLF@CNPUBFINGLOBISSSTRUCINSABSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/475381spcred/475381normThe latest Research Update from S&Ppubfinglobalstructured7/24/2008 2:35:15 AM175Research Update475381CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceInsuranceAsset-Backed SecuritiesResidential MBSResearch UpdateOn Nov. 16, 2005, Standard&Poor's Ratings Services assigned its 'A+' rating to Sun Life Financial Inc.'s (Sun Life Financial; A+/Positive /A-1; TSX: SLF-T; NYSE: SLF-N) proposed series A senior unsecured fixed-floater debenture issuance of up to C$600 million due 2035. At the same time, Standard&Poor's affirmed the existing ratings on Toronto-based Sun Life Financial Inc. and its primary insurance operating companies, collectively known as Sun Life: Sun Life Assurance Co. of Canada (AA+/Stable/A-1+), Sun Life Assurance Co. of Canada (U.S.) (AA+/Stable/--), and Sun Life Insurance&Annuity Co. of New York (AA+/Stable/--). The outlook on Sun Life Financial is positive. The proceeds from the senior unsecured debt will be used for general corporate purposes on aCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNRESUPDCANUSA86679#86683#86605T866799C8668#40301020 403010 4030 40Sun Life Assurance Co. of CanadaSun Life Insurance&Annuity Co. of New YorkSun Life Assurance Co. of Canada (U.S.)108400115474117801CANEUROMIDAFRUSAEMERGINGLATAMERICA3636ZSLF@CN3802Z@CNGLOBISSSTRUCPUBFININSABSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/422161spcred/422161normThe latest News from S&Pglobalstructuredpubfin7/24/2008 2:35:14 AM100News422161CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceAsset-Backed SecuritiesResidential MBSInsuranceNewsTORONTO (Standard&Poor's) Feb. 8, 2005--Standard&Poor's Ratings Services today said it assigned its 'P-1(Low)' Canadian national scale and 'A-' global scale preferred stock ratings to Sun Life Financial Inc.'s (Sun Life Financial; A+/Positive /--) issuance of up to C$400 million of Class A noncumulative perpetual preferred shares series 1. At the same time, Standard&Poor's affirmed the ratings outstanding on Toronto, Ont.-based Sun Life Financial and its primary insurance operating companies, Sun Life Assurance Co. of Canada, Sun Life Assurance Co. of Canada (U.S.), and Sun Life Insurance&Annuity Co. of New York (collectively known as Sun Life; AA+/Stable/A-1+). The outlook on Sun Life Financial is positive. The outlook on Sun Life is stable. TheCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNNEWSUSACAN86679#86679986605T86683#C8668#40301020 403010 4030 40Sun Life Assurance Co. of CanadaSun Life Insurance&Annuity Co. of New YorkSun Life Assurance Co. of Canada (U.S.)108400115474117801EUROMIDAFRLATAMERICAUSAEMERGINGCAN3802Z@CN3636ZSLF@CNGLOBISSSTRUCPUBFINABSRMBSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/422162spcred/422162normThe latest Research Update from S&Pglobalstructuredpubfin7/24/2008 2:35:14 AM175Research Update422162CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceInsuranceAsset-Backed SecuritiesResidential MBSResearch UpdateOn Feb. 8, 2005, Standard&Poor's Ratings Services assigned its 'P-1(Low)' Canadian national scale and 'A-' global scale preferred stock ratings to Sun Life Financial Inc.'s (Sun Life Financial; A+/Positive /--) issuance of up to C$400 million of Class A noncumulative perpetual preferred shares series 1. At the same time, Standard&Poor's affirmed the ratings outstanding on Toronto, Ont.-based Sun Life Financial and its primary insurance operating companies, Sun Life Assurance Co. of Canada, Sun Life Assurance Co. of Canada (U.S.), and Sun Life Insurance&Annuity Co. of New York (collectively known as Sun Life; AA+/Stable/A-1+). The outlook on Sun Life Financial is positive. The outlook on Sun Life is stable. The proceeds from these preferred sharesCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNRESUPDCANUSA86605T86679#86679986683#C8668#40301020 403010 4030 40Sun Life Assurance Co. of CanadaSun Life Insurance&Annuity Co. of New YorkSun Life Assurance Co. of Canada (U.S.)108400115474117801EMERGINGEUROMIDAFRCANLATAMERICAUSA3802Z@CN3636ZSLF@CNGLOBISSSTRUCPUBFININSABSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/424254spcred/424254normThe latest Full Report from S&Pstructuredglobalpubfin7/24/2008 2:35:14 AM400Full Report424254CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceAsset-Backed SecuritiesResidential MBSInsuranceFull ReportOne of the three largest life insurance groups operating in the Canadian market Good brand name awareness in the U.S. Well diversified by customer, geography, and product Very strong operating earnings and solid capital position Conservative credit risk appetite and reserving practices Strong investment and risk management function Negative impact of currency translation on U.S. and other foreign-denominated earnings Margin compression on fixed annuity product due to low interest rates Competitive position in the U.S. could be further strengthened with additional scale Impact of soft global equity markets on asset management businesses and investments backing surplus Economic and political risk associated with investments in emerging markets The ratings on Sun Life Financial Inc. are derived primarily from the 'AA+' financialCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNFULLCANCYMUSA86679986679P45359#86683#86679Q86679TC8668#86605T86664R86679#866793G8582940301020 403010 4030 4040203010 402030 4020 40Sun Life Financial Global Funding LPSun Life Assurance Co. of CanadaSun Life of Canada (U.S.) Capital Trust ISun Life Assurance Co. of Canada (U.S. branch)Sun Canada Financial Co.Sun Life Insurance&Annuity Co. of New YorkSun Life Assurance Co. of Canada (U.S.)Sun Life of Canada Funding LLCSun Life Capital TrustIndependence Life&Annuity Co.108400115474116725117801127618303839314571343591354005382671LATAMERICAUSACANEUROMIDAFREMERGING103901Z@CN3802Z@CN3636Z3546ZSLF@CN3636Z3803Z@CNSVLI@CNGLOBISSSTRUCPUBFINABSRMBSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/424256spcred/424256normThe latest Summary from S&Pstructuredpubfinglobal7/24/2008 2:35:14 AM175Summary424256CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceAsset-Backed SecuritiesResidential MBSInsuranceSummaryThe ratings on Sun Life Financial Inc. are derived primarily from the 'AA+' financial strength ratings on its primary Canadian and U.S. insurance operating subsidiaries, as well as the Canadian scale preferred stock rating of 'P-1(Low)' on the company. The ratings on these insurance companies reflect their very strong operating performance, business profile, and consolidated capital strength. Partially offsetting these strengths are the strong competitive pressures that Sun Life Financial faces in its primary markets; the susceptibility of its wealth management businesses to earnings volatility given the uncertainties associated with the equity markets and interest rates; the impact of the devaluated U.S. dollar against the Canadian dollar, which is Sun Life Financial's reporting currency; and economic and political risk associatedCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNSUMMARYCYMUSACAN86679#86679986679P86679Q86605TC8668#45359#86683#G8582940203010 402030 4020 4040301020 403010 4030 40Sun Life Assurance Co. of CanadaSun Life of Canada (U.S.) Capital Trust ISun Life Insurance&Annuity Co. of New YorkSun Life Assurance Co. of Canada (U.S.)Sun Life of Canada Funding LLCSun Life Capital TrustIndependence Life&Annuity Co.108400115474116725117801314571343591354005CANEMERGINGUSAEUROMIDAFRLATAMERICA3802Z@CN3636Z3546ZSLF@CNSVLI@CN103901Z@CNGLOBISSSTRUCPUBFINABSRMBSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/403843spcred/403843normglobalstructuredpubfin7/24/2008 2:35:13 AM100News403843CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceResidential MBSInsuranceAsset-Backed SecuritiesNewsTORONTO (Standard&Poor's) Oct. 29, 2004--Standard&Poor's Ratings Services today said it revised its outlook on Sun Life Financial Inc. (Sun Life; TSX: SLF; NYSE: SLF) to positive, from stable following the company's announced plans to transfer most of Sun Life Assurance Co. of Canada's asset management businesses in Canada and the U.S., including its U.S. annuities business, to a newly incorporated subsidiary of the overall holding company, Sun Life Financial Inc. effective Jan. 4, 2005. At the same time, Standard&Poor's affirmed its ratings on all of Sun Life Financial Inc.'s subsidiaries, including its 'AA+' financial strength rating on Sun Life Assurance Co. of Canada. The outlook on these subsidiaries is stable. "With the corporate reorganization,CAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNNEWSCANC8668#86605T40301020 403010 4030 40Sun Life Assurance Co. of Canada108400CANEUROMIDAFRLATAMERICAEMERGINGUSA3802Z@CNGLOBISSSTRUCPUBFINRMBSINSABSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/403844spcred/403844normThe latest Research Update from S&Ppubfinglobalstructured7/24/2008 2:35:13 AM175Research Update403844CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceAsset-Backed SecuritiesResidential MBSInsuranceResearch UpdateOn Oct. 29, 2004, Standard&Poor's Ratings Services revised its outlook on Sun Life Financial Inc. (Sun Life; TSX: SLF; NYSE: SLF) to positive, from stable following the company's announced plans to transfer most of Sun Life Assurance Co. of Canada's asset management businesses in Canada and the U.S., including its U.S. annuities business, to a newly incorporated subsidiary of the overall holding company, Sun Life Financial Inc., effective Jan. 4, 2005. At the same time, Standard&Poor's affirmed its ratings on all of Sun Life Financial Inc.'s subsidiaries, including its 'AA+' financial strength rating on Sun Life Assurance Co. of Canada. The outlook on these subsidiaries is stable. With the corporate reorganization, Standard&Poor's will continueCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNRESUPDCAN86605TC8668#40301020 403010 4030 40Sun Life Assurance Co. of Canada108400CANEUROMIDAFRUSAEMERGINGLATAMERICA3802Z@CNGLOBISSSTRUCPUBFINABSRMBSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/354240spcred/354240normThe latest News from S&Pglobalstructuredpubfin7/24/2008 2:35:12 AM100News354240CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceInsuranceAsset-Backed SecuritiesNewsTORONTO (Standard&Poor's) Jan. 13, 2004--Standard&Poor's Ratings Services today said that Sun Life Financial Inc.'s (TSX: SLF; NYSE: SLF; unrated) amalgamation of Keyport Life Insurance Co. (Keyport) into Sun Life Assurance Co. of Canada (U.S.) (Sun Life U.S.; AA+/Negative/--) would not affect the ratings or outlook on Sun Life U.S. Previous to the amalgamation, the financial strength ratings on these two U.S. subsidiaries were the same. With this amalgamation, the ratings on Keyport have been withdrawn. This merger was completed to achieve operational, capital, regulatory, and financial reporting efficiencies in the U.S. and has no effect on the existing rights and benefits of policyholders or contract holders from either company. Sun Life Financial acquired Keyport, a leadingCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNNEWSUSA49331186683#40301020 403010 4030 40Keyport Life Insurance Co.Sun Life Assurance Co. of Canada (U.S.)115474117414USALATAMERICACANEMERGING3636Z3544ZGLOBISSSTRUCPUBFININSABSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/357052spcred/357052normThe latest News from S&Pglobalstructuredpubfin7/24/2008 2:35:12 AM100News357052CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceInsuranceAsset-Backed SecuritiesResidential MBSNewsTORONTO (Standard&Poor's) Jan. 30, 2004--Standard&Poor's Ratings Services today said that Sun Life Financial Inc.'s (Sun Life; unrated; TSX: SLF; NYSE: SLF) announced C$211 million (after-tax) charge to provide for the potential cost of regulatory and other actions against Massachusetts Financial Services Co. (MFS) would not affect the ratings or outlook on Sun Life Assurance Co. of Canada (AA+/Negative/A-1+) or its related subsidiaries. The potential fine represents about one-half a quarter's earnings for Sun Life. Net of this charge, operating earnings for the fourth quarter were C$417 million, up 16% from the same quarter last year. MFS represented about 10% of Sun Life's consolidated operating earnings during 2003 and it continues to show favorable growth in netCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNNEWSCAN86605TC8668#40301020 403010 4030 40Sun Life Assurance Co. of Canada108400USACANEMERGINGEUROMIDAFRLATAMERICA3802Z@CNGLOBISSSTRUCPUBFININSABSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/449838spcred/449838normThe latest News from S&Pstructuredpubfinglobal7/8/2008 2:56:00 AM100News449838CanadaLife & Health InsuranceCanadaGlobal IssuersStructured FinancePublic FinanceInsuranceCollateralized Debt ObligationsAsset-Backed SecuritiesCommercial MBSReal Estate CompaniesResidential MBSUtilitiesAsset-Backed Commercial PaperCorporationsFinancial InstitutionsNewsTORONTO (Standard&Poor's) July 6, 2005--Standard&Poor's Ratings Services today said that Sun Life Financial Inc.'s (Sun Life; A+/Positive/A-1; TSX: SLF; NYSE: SLF) announcement that its primary insurance subsidiary, Sun Life Assurance Co. of Canada (AA+/Stable/A-1+), has reached an agreement to purchase CMG Asia Ltd. (BBB+/Watch Pos/--) and CommServe Financial, which together form the Hong Kong insurance and pension operations of the Commonwealth Bank of Australia (AA-/Stable/A-1+), for C$560 million would not affect the ratings or outlook on Sun Life or any of its subsidiaries. The transaction, which is subject to the approval by the regulatory authorities in Hong Kong and Bermuda, and the Office of the Superintendent of Financial Institutions in Canada, is expected to close lateCAN86682Z86679640301020 403010 4030 40Sun Life Financial Inc.352862CANSLF@CNNEWSCANBMUAUS20271F20271HQ2692UQ2694HQ2694K20271220271G20271L86605TC8668#Q2694J1305342027A040201020 402010 4020 4040301020 403010 4030 4040101010 401010 4010 40Sun Life Assurance Co. of CanadaCommonwealth Bank of AustraliaSun Life Hong Kong Ltd.104484108400331003CANLATAMERICAPACEUROMIDAFRUSAEMERGINGCBA@AU3802Z@CNCMGZ@CHGLOBISSSTRUCPUBFININSCDOABSCMBSRECRMBSUTILABCPCORPFICredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_109594moodys/PBC_109594pdf...Sun Life Financial, Inc. (NYSE: SLF) is a life insurance and wealth management holding company that offers individual and group life & health insurance, fixed and variable annuities, and mutual funds in Canada, the United St ates, Hong Kong, the Philippines, Indonesia, India and China. SL F has two primary life insurance operating companies: (#) Sun Life Assurance Company of Canada (SLA; insurance financial strength at Aa#) - the company's Canadi an and international operating subsidiary; and (#) Sun Life Assurance Company of Canada (U.S.) (Sun Life US; insurance financial strength at Aa#) - the company's U.S. life insurance operating company. SLF also has substantial equity positions in several U.S. and Canadian investment management companies. It owns ##.#% of U.S.-based Massachusetts Financial Services Company (MFS), ##.#% of Canada-based CI Financial Income Fund, and ##.#% of Canada-based McLean Budden Limited (MB). SLF s ratings are underpinned by its Canadian franchise... 6/25/2008 4:21:22 PMpdfSun Life Financial, Inc.Sun Life Financial, Inc.808482718300.0000AnalysisAnalysisPBC_109594Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_109595moodys/PBC_109595pdf...Sun Life Financial Inc. (SLF) is a major North American financial services group. Headquartered in Toronto, Canada, Sun Life Assurance Company of Canada (SLF Canada) is the primary life insur ance operating company of SLF. In the United States, SLF conducts its ann uity operations through its Delaware- domiciled subsidiary Sun Life Assurance Company of Canada (U.S.) (SLF US), its individual and group life insurance busine ss through the U.S. branch of Sun Life Canada, and its investment managemen t operations via MFS Investment Management (MFS). It also has smaller operating subsidiaries in Asia and the United Kingdom. In Canada, SLF competes in all major life insurance markets, including individual life insurance, annuities, group benefits and retirement service, as well in investment management. In the United St ates, SLF competes in four core markets: annuities, individual life insurance for affluent clients, group life and health insurance for small- to medium-sized... 6/24/2008 4:21:07 PMpdfSun Life Financial, Inc.Sun Life Financial, Inc.808482718550.0000SpecialReportCompany ProfilePBC_109595Credit & Investment ResearchMoody's Global Credit Research