Summary: AARP, DC; Health Care, Other; Higher Education, Non-Profit Organizations May 01

Standard & Poors, May 2001

Abstract
The rating on the District of Columbia's debentures, issued for AARP, reflects the organization's corporate pledge, supported by: An immense and loyal membership base, which includes 46% of all Americans over 50, and favorable demographic trends; Good historical operating performance; Significant revenue diversity and a flexible cost structure; A sizable investment portfolio; and Standard & Poor's expectation that, in the future, the organization will not have any additional capital needs that require long-term financing, other than the purchase of its headquarters facility in Washington, D.C. Offsetting these organizational strengths are the discretionary nature of membership in AARP; the limited development of new revenue-producing programs; and some historical variation in the organization's investment income. On Dec. 15, 2000, AARP purchased its...

Companies mentioned in this report are: AARP
Action: New Rating

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AARP

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