Credit Rating Report

Great-West Lifeco Inc.: Rating Report

Insurance Organizations

Summary

On November 12, 2020, DBRS Limited (DBRS Morningstar) confirmed Great-West’s Issuer Rating and Debentures rating at A (high) as well as its Non-Cumulative First Preferred Shares rating at Pfd-2 (high). DBRS Morningstar also confirmed Canada Life's Financial Strength Rating and Issuer Rating at AA, its Subordinated Debentures rating at AA (low), and its Preferred Shares rating at Pfd-1. At the same time, DBRS Morningstar confirmed Canada Life Capital Trust’s Capital Trust Securities (CLiCS) rating at A (high). All trends are Stable.

Ratings

Canada Life Assurance Company, The
  • Date Issued:Nov 12, 2020
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Nov 12, 2020
  • Rating Action:Confirmed
  • Ratings:AA (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Nov 12, 2020
  • Rating Action:Confirmed
  • Ratings:Pfd-1
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Nov 12, 2020
  • Rating Action:Confirmed
  • Ratings:AA
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
Canada Life Capital Trust
  • Date Issued:Nov 12, 2020
  • Rating Action:Confirmed
  • Ratings:A (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
Great-West Lifeco Inc.
  • Date Issued:Nov 12, 2020
  • Rating Action:Confirmed
  • Ratings:A (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Nov 12, 2020
  • Rating Action:Confirmed
  • Ratings:A (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • Date Issued:Nov 12, 2020
  • Rating Action:Confirmed
  • Ratings:Pfd-2 (high)
  • Trend:Stb
  • Rating Recovery:
  • Issued:CAUE
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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