Sagicor releases investment grade ratings by Fitch

Mr. Andre Mousseau reports SAGICOR FINANCIAL ANNOUNCES INVESTMENT GRADE RATINGS FROM FITCH Global credit rating agency Fitch Ratings has upgraded Sagicor Financial Company Ltd.'s long-term issuer default rating (IDR) to BBB from BBB minus and also upgraded Sagicor's senior unsecured debt to BBB minus from BB plus. The rating outlook is stable. In assigning these ratings, Fitch cited Sagicor's strengthened core profitability and two years of consolidated contributions from ivari, complemented by lower debt financing costs and a strong capitalization profile. In addition, Fitch affirmed the insurer financial strength rating of ivari at A minus, with a stable outlook. Andre Mousseau, president and chief executive officer, said: "We are pleased with this upgrade, which provides a unanimous view from our credit rating agencies that Sagicor's senior unsecured debt is investment grade. This is further validation of Sagicor's strong capitalization as we pursue stable and profitable growth. This upgrade will provide Sagicor with enhanced access to capital as we execute our strategy." Fitch assigned credit ratings as detailed in the attached table. For more information and to view the full rating report, please visit Sagicor's investor relations website under the credit ratings tab or the Fitch website. About Sagicor Financial Company Ltd. Sagicor is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor's registered office is located at Clarendon House, 2 Church St., Hamilton, HM 11, Bermuda, with its principal office located at Cecil F. De Caires Building, Wildey, St. Michael, Barbados. We seek Safe Harbor.