S&P Global Ratings affirmed its ‘AAA’ issuer credit rating (ICR) on AARP , District of Columbia. At the same time, S&P Global Ratings affirmed its ‘AAA’ underlying rating on AARP’s debt outstanding. Lastly, S&P Global Ratings affirmed its'AAA/A-1'dual rating on AARP’s series 2001A taxable notes. The outlook, where applicable, is stable. The bonds are secured by AARP's general obligation pledge. Total debt outstanding was $260.2 million as of Dec. 31, 2025, consisting of $124.6 million in fixed-rate debt, $75.0 million in variable-rate debt, and $60.5 million in leases. All debt is structured with bullet maturities, with approximately $175 million due in 2031 and $25 million due in 2034. AARP established a discretionary sinking fund in 2001 that had
