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Summary: District Of Columbia AARP; Joint Criteria; Non-Profit Organizations Sep 09
Standard & Poors, September 2009
Standard & Poor's Ratings Services affirmed its 'AA' issuer credit rating (ICR) on AARP, D.C.; 'AAA/A-1' rating on AARP's series 2001A taxable notes; and 'AA' long-term rating on AARP's outstanding debt. The 'AAA' long-term component of the 'AAA/A-1' rating on AARP's series 2001A taxable notes reflects the application of joint criteria with Bank of America N.A. as the letter of credit (LOC) provider. The short-term component of the rating on the notes reflects the short-term rating on Bank of America N.A. The 'AA' rating reflects AARP's: Immense and loyal membership base of more than 40 million, which represents 42% of all Americans 50 years or older; Favorable demographic trends; Flexible cost structure; Sizable investment portfolio, with cash and investments of...
Companies mentioned in this report are: AARP
Action: Outlook: Stable
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.