DBRS Releases Report on Co-operators Financial Services Limited

DBRS has today released a report on Co-operators Financial Services Limited (CFSL or the Company) that provides further detail on the recent rating confirmation of the Company’s Senior Unsecured Debentures at BBB, with a Stable trend.

The rating reflects the Company’s three core areas of operation: property and casualty (P&C) insurance, life insurance and institutional money management. CFSL participates in these businesses through its ownership of Co-operators Life Insurance Company (CLIC), Co-operators General Insurance Company (CGIC, rated Pfd-3 (high); see separate report published today) and its majority interest in Addenda Capital Inc. (Addenda), a large institutional manager of fixed-income investments and the 11th largest pension fund manager in Canada.

The Company continues to create a more diversified financial services group through the broadening of its distribution channels and product offerings and revenue and expense synergies as part of its vision of being the preferred provider of financial services to the Canadian co-operative movement.

Today’s report and the September 9, 2011, press release are available at www.dbrs.com or by contacting us at info@dbrs.com