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AARP, District of Columbia; Joint Criteria; Non-Profit Organizations Sep 06
Standard & Poors, Sep 2006
Abstract
Standard & Poor's Ratings Services affirmed its 'AA' issuer credit rating on AARP, D.C.; its 'AAA/A-1+' long-term rating on AARP's series 2001A taxable notes; and 'AA' long-term rating on AARP's outstanding debt. The 'AA' rating reflects AARP's: Immense and loyal membership base of more than 36 million, which represents more than 40% of all Americans 50 years or older; Favorable demographic trends; Good historical operating performance; Significant revenue diversity and flexible cost structure; Sizable investment portfolio, with cash and investments totaling more than $1.4 billion as of December 2005; Strategic plan launched in 2004, which is beginning to achieve its goals of delivering value to members and leading positive social change for persons older than 50 as they age; and...
Companies mentioned in this report are: AARP,District of Columbia
Action: Affirmed
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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