Research Update: AARP, DC Issuer Credit Rating, Outstanding Debt Rating Raised To ?AAA?; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: AARP, DC Issuer Credit Rating, Outstanding Debt Rating Raised To ?AAA?; Outlook Stable

Research Update: AARP, DC Issuer Credit Rating, Outstanding Debt Rating Raised To ?AAA?; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: AARP, DC Issuer Credit Rating, Outstanding Debt Rating Raised To ?AAA?; Outlook Stable
Published Sep 10, 2025
6 pages (3297 words) — Published Sep 10, 2025
Price US$ 225.00  |  Buy this Report Now

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Abstract:

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

  
Brief Excerpt:

...At the same time, S&P Global Ratings raised its underlying rating on AARP's debt outstanding to `###' from `##+'....

  
Report Type:

Research Update

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Public Finance
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Research Update: AARP, DC Issuer Credit Rating, Outstanding Debt Rating Raised To ?AAA?; Outlook Stable" Sep 10, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-AARP-DC-Issuer-Credit-Rating-Outstanding-Debt-Rating-Raised-To-AAA-Outlook-Stable-3439194>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: AARP, DC Issuer Credit Rating, Outstanding Debt Rating Raised To ?AAA?; Outlook Stable Sep 10, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-AARP-DC-Issuer-Credit-Rating-Outstanding-Debt-Rating-Raised-To-AAA-Outlook-Stable-3439194>
  
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