RAM Ratings has reaffirmed the AA3/Stable/P1 corporate credit ratings of MHB, an investment holding company with life insurance and asset management businesses in Malaysia. The rating action reflects the expectation that extraordinary support from Manulife Financial Corporation ("MFC"), MHB’s parent, will be forthcoming if needed, given MHB and its' subsidiaries ("the Group")’s importance in MFC's strategy to continue growing in Asia. The credit profile of the Group's core insurance subsidiary, Manulife Insurance Berhad, and MHB's structural subordination as a non-operating holding company are also rating factors.

Attached is the media release on "RAM Ratings reaffirms Manulife Holdings' AA3/Stable/P1 ratings".

This announcement is dated 16 November 2021.