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AARP, District Of Columbia; Joint Criteria; Non-Profit Organizations Apr 11
Standard & Poors, April 2011
Abstract
Standard & Poor's Ratings Services has affirmed its 'AA' issuer credit rating (ICR) on AARP, D.C., and its 'AA' long-term and underlying (SPUR) ratings on AARP's debt. In addition, Standard & Poor's affirmed its 'AAA/A-1' dual rating on AARP's series 2001A taxable notes. The 'AAA' long-term component of the 'AAA/A-1' rating on AARP's series 2001A taxable notes reflects the application of joint criteria based on Bank of America N.A. (A+/A-1) as the letter of credit (LOC) provider and the 'AA' SPUR on AARP. The short-term component of the rating on the notes reflects the short-term rating on Bank of America N.A. Management implemented several initiatives in fiscal 2010, aimed at strengthening both operations and balance sheet measures for AARP. At...
Companies mentioned in this report are: AARP
Action: New Rating
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.
Research Type: Full Analysis
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