Best Assigns Debt Rating to ING Canada Inc.

A.M. Best Co. has assigned indicative ratings of “a-” to senior unsecured debt securities, “bbb+” to subordinated unsecured debt securities and “bbb” to class A preferred shares of ING Canada Inc.’s (Ontario) recently filed CAD 1 billion preliminary short form base shelf prospectus. The existing issuer credit rating of “a-” of ING Canada remains unchanged. All ratings have a stable outlook.

ING Canada is a non-operating holding company of the ING Canada Group (Ontario).