- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
Summary: District Of Columbia AARP; Joint Criteria; Non-Profit Organizations Sep 09
- Published: September 2009
- Standard & Poors
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
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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.
SHOW LESS READ MORE >