Credit Rating Report

Industrial Alliance Insurance and Financial Services Inc.: Rating Report

Insurance Organizations

Summary

DBRS Limited (DBRS) confirmed the Issuer Rating and Financial Strength Rating of Industrial Alliance Insurance and Financial Services Inc. (IAG or the Company) at A (high), its Subordinated Debentures rating at “A” and its Non-Cumulative Preferred Shares rating at Pfd-2 (high). All trends are Stable.

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