AARP's 'AA' issuer credit rating and the 'AA' rating on the bonds issued for AARP reflect: An immense and loyal membership base of over 35 million, which represents 45% of all Americans over 50; Favorable demographic trends; Good historical operating performance; Significant revenue diversity and a flexible cost structure; A sizable investment portfolio; A recently launched strategic plan that stresses delivering value to members and working with others to bring about improved quality of life for all persons as they age; and No plans for additional debt. The 'AAA' long-term rating on the notes issued for AARP reflects the application of joint and several criteria with Bank of America N.A. The 'A-1+' short-term rating on the notes reflects an LOC...
Companies mentioned in this report are: AARP
Action: Outlook Revised
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