...May 29, 2024 GULFPORT (S&P Global Ratings) May 29, 2024--S&P Global Ratings raised its issuer credit rating (ICR) to '##+' from '##' on AARP, D.C., and its long-term underlying rating to '##+' from '##' on AARP's debt. S&P Global Ratings also affirmed its '##+/A-1' dual rating on AARP's series 2001A taxable notes. The outlook is stable. The '##+' long-term rating reflects the application of our joint criteria, based on Bank of America (BOA) as the letter of credit provider and the '##' underlying rating of AARP. The 'A-1' short-term rating reflects the short-term rating on BOA. "The ratings reflect our view of AARP's strong brand, experienced management team, and robust financial resources," said S&P Global Ratings credit analyst Travis Nauert. The stable outlook reflects our expectation that AARP will likely maintain its large membership base, continue to evolve and expand program offerings, and sustain financial resources at current levels. In addition, we expect operating performance...
