iA Financial Corporation Inc.: Rating Report

On December 16, 2019 DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating of iA Financial Corporation Inc. at A (low) and the rating on its Subordinated Debentures at BBB (high). For Industrial Alliance Insurance and Financial Services Inc., iA’s major insurance operating subsidiary, DBRS Morningstar confirmed the Issuer Rating and Financial Strength Rating at A (high), the Subordinated Debentures rating at “A,” and the Non-Cumulative Preferred Shares rating at Pfd-2 (high). All trends are Stable.