Fitch affirms Manulife

Fitch Ratings said it has affirmed the ratings of Manulife Financial Corp. and its primary insurance related operating subsidiaries, including Manufacturer's Life Insurance Co. and John Hancock Life Insurance Co. (USA).

The outlook remains negative.

According to Fitch, the affirmations reflect Manulife's strong capital position, below-average exposure to credit-related risk, good liquidity and excellent business profile.

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