Great-West Lifeco Inc.’s debentures and non-cumulative preferred shares have been upgraded by Dominion Bond Rating Service.

Effective February 17, the company’s debentures rating was upgraded to AA (low) from A (high) and its non-cumulative preferred shares rating was upgraded to Pfd-1(low)n from Pfd-2(high)n. The trend for both ratings is stable. DBRS attributes the ratings upgrade to the successful completion of the integration with the Canada Life Assurance Co. and the steady improvement in financial strength.