AARP, District of Columbia; Joint Criteria; Non-Profit Organizations

S&P Global Ratings affirmed its 'AA' issuer credit rating (ICR) on AARP, D.C., and affirmed its 'AA' long-term rating and underlying rating (SPUR) on AARP's debt. The outlook is stable. In addition, S&P Global Ratings affirmed its 'AA+/A-1' dual rating on the organization's series 2001A taxable notes. The 'AA+' long-term component of the rating reflects the application of our joint criteria based on Bank of America N.A. (BOA) as the letter of credit provider and the 'AA' SPUR on AARP. The short-term component of the rating reflects the short-term rating on BOA. We believe that the overall impact of COVID-19 has been minimal on AARP's credit quality. Despite some initial contraction of demand during the first few weeks of the

...S&P Global Ratings affirmed its '##' issuer credit rating (ICR) on AARP, D.C., and affirmed its '##' long-term rating and underlying rating (SPUR) on AARP's debt. The outlook is stable. In addition, S&P Global Ratings affirmed its '##+/A-1' dual rating on the organization's series 2001A taxable notes. The '##+' long-term component of the rating reflects the application of our joint criteria based on Bank of America N.A. (BOA) as the letter of credit provider and the '##' SPUR on AARP. The short-term component of the rating reflects the short-term rating on BOA....

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