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AARP, DC Debentures Rated 'AA' May 01
Standard & Poors, May 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) May 1, 2001--Standard & Poor's today assigned its double-'A' rating to the District of Columbia's $125 million revenue debentures, series 2001, issued for AARP. In addition, Standard & Poor's affirmed its double-'A' issuer credit rating (ICR) for AARP. The rating 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...
Companies mentioned in this report are: AARP,District of Columbia
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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