A.M. Best Assigns Debt Ratings to ING Canada Inc.

    OLDWICK, N.J., October 17 /CNW/ - 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 to recently
filed CAD 1 billion preliminary short form base shelf prospectus of ING Canada
Inc. (Ontario) (TSX: IIC). This prospectus replaces a similar prospectus that
was filed in 2005. The existing issuer credit rating of "a-" of ING Canada
Inc. remains unchanged. The outlook for all ratings is stable.

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

    For Best's Debt Ratings, all other Best's Ratings, an overview of the
rating process and rating methodologies, please visit www.ambest.com/ratings.

    Founded in 1899, A.M. Best Company is a global full-service credit rating
organization dedicated to serving the financial and health care service
industries, including insurance companies, banks, hospitals and health care
system providers. For more information, visit www.ambest.com.

For further information:

For further information: A.M. Best Co. Analysts: Charles M. Huber,
908-439-2200, ext. 5122 charles.huber@ambest.com or Joseph A. Burtone,
908-439-2200, ext. 5125 joseph.burtone@ambest.com or Public Relations: Jim
Peavy, 908-439-2200, ext. 5644 james.peavy@ambest.com or Rachelle Morrow,
908-439-2200, ext. 5378 rachelle.morrow@ambest.com

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