Am best assigns issue credit rating to manulife financial corporation's new subordinated notes

Oldwick, n.j.--(business wire)-- #insurance--am best has assigned a long-term issue credit rating (long-term ir) of “bbb+” (good) to the cad 1.0 billion, 7.117% subordinated notes, due june 19, 2082, recently announced by manulife financial corporation (mfc) (toronto, canada) [nyse: mfc]. the outlook assigned to the credit rating (rating) is stable. at the time of issuance of the capital notes, mfc will issue cad 1.0 billion non-cumulative fixed rate class 1 shares, series 29 (series 29 shares), which will
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