DBRS Morningstar Updates Ratings on
The last rating action on these entities was on
BACKGROUND
On
On
The simplification of GWO's operating structure is aligned with their strategic plan and it is designed to leverage their multiple distribution channels approach in the Canadian life insurance market in a cost-effective manner. Although the amalgamation might add additional costs and execution risk initially, it is expected to reduce costs and improve its competitive position in the medium to long term.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The principal methodology is the Global Methodology for Rating Life and P&C Insurance Companies and Insurance Organizations (
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found on the issuer page at www.dbrs.com
The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.
This rating is endorsed by
The last rating action on this issuer took place on
For further information on DBRS Morningstar historical default rates published by the
Lead Analyst:
Rating Committee Chair:
Initial Rating Date:
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Ratings
Date Issued Debt Rated Action Rating Trend Issued
i
US =
CA = Canada Issued, NRSRO
EU = EU Issued, NRSRO
E = EU endorsed
Unsolicited Participating With Access
Unsolicited Participating Without Access
Unsolicited Non-Participating
17-Jan-20 Issuer Rating Name Change AA Stb CAE
17-Jan-20 Preferred Shares Name Change Pfd-1 Stb CAE
17-Jan-20 Financial Strength Rating Name Change AA Stb CAE
Date Issued Debt Rated Action Rating Trend Issued
i
US =
CA = Canada Issued, NRSRO
EU = EU Issued, NRSRO
E = EU endorsed
Unsolicited Participating With Access
Unsolicited Participating Without Access
Unsolicited Non-Participating
17-Jan-20 Financial Strength Rating Disc.-W/drwn Discontinued -- CAE
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