S&P Global Ratings raised its issuer credit rating (ICR) on AARP, D.C. to ?AAA? from ?AA+?. At the same time, S&P Global Ratings raised its underlying rating on AARP?s debt outstanding to ?AAA? from ?AA+?. Lastly, S&P Global Ratings raised its dual rating on AARP?s series 2001A taxable notes to 'AAA/A-1' from 'AA+/A-1'. The outlook is stable. The upgrade reflects our view of significant growth in financial resources during fiscal 2024 that we expect will be sustained. The bonds are secured by AARP's general obligation pledge. Total debt outstanding was $263.1 million as of Dec. 31, 2024, consisting of $124.6 million in fixed-rate debt, $75.0 million in variable-rate debt, and $63.5 million in leases. All debt is structured with bullet