Power Financial Corporation: Rating Report
On November 27, 2019, DBRS Morningstar confirmed PWF’s Issuer Rating and Senior Debentures rating at A (high) and Cumulative First Preferred Shares (Series A) and Non-Cumulative First Preferred Shares ratings at Pfd-2 (high). All trends are Stable.
Power Financial is an international management and holding company that holds interests, directly or indirectly, in companies across the financial services, communications and other business sectors. Co. has three reportable operating segments: Great-West Lifeco Inc., which offers a range of life insurance, retirement, investment products, reinsurance and specialty general insurance products; IGM Financial Inc., which offers financial planning services, investment products, investment advisory and management services; and Parjointco N.V., which include specialty minerals, water, waste services, energy, wines and spirits. As of Dec 31 2010, Co. had total assets of C$143,255,000.
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