OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned indicative issue ratings of “a” to senior unsecured debt, “a-” to subordinated debt, “bbb+” to junior subordinated debt and “bbb+” to preferred stock of the recently filed shelf registration of Great-West Lifeco Inc. (Great-West Lifeco) (Winnipeg, Manitoba). The outlook assigned to all ratings is stable.
The assigned ratings, which may be issued under the shelf registration statement, are consistent with the current ratings of Great-West Lifeco’s outstanding securities. The new shelf registration replaces Great-West Lifeco’s previous shelf registration filed in July 2013, which has expired. Consequently, the indicative ratings for the previous shelf registration have been withdrawn.
Great-West Life’s issuer credit rating of “a”, its existing issue ratings and the ratings of its insurance operating entities are all unchanged.
This press release relates to rating(s) that have been published on A.M. Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best’s Ratings & Criteria Center.
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