Research Update: Apollo Asset Management Inc. Management And Governance Assessment Revised To Positive; 'A' Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: Apollo Asset Management Inc. Management And Governance Assessment Revised To Positive; 'A' Rating Affirmed

Research Update: Apollo Asset Management Inc. Management And Governance Assessment Revised To Positive; 'A' Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: Apollo Asset Management Inc. Management And Governance Assessment Revised To Positive; 'A' Rating Affirmed
Published Aug 22, 2024
5 pages (1993 words) — Published Aug 22, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Over the last several years, Apollo Asset Management Inc.'s parent company, Apollo Global Management Inc., has made significant changes to enhance its corporate governance, including changes to improve the effectiveness of its board. We also view senior management as effective, and we think it has breadth and depth of experience as well as minimal key-man risk. We revised our assessment of Apollo's management and governance to positive from neutral and affirmed the 'A' issuer credit rating. The stable outlook reflects our expectation that Apollo Asset Management Inc. (AAM) will maintain leverage below 1.5x for the next 12-24 months. We expect the company to continue to grow its assets under management (AUM) and maintain strong investment performance and exceptional liquidity. We

  
Brief Excerpt:

...Issuer Credit Rating A/Stable/-- Business risk: Satisfactory Country risk Low Industry risk Intermediate Competitive position Satisfactory Financial risk: Minimal Cash flow/leverage Minimal Anchor A Modifiers: Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Neutral (no impact) Liquidity Exceptional (no impact) Management and governance Positive (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile: a Group credit profile a Entity status within group Core...

  
Report Type:

Research Update

Ticker
APO
Issuer
Apollo Asset Management Inc.
GICS
Other Diversified Financial Services (40201020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Apollo Asset Management Inc. Management And Governance Assessment Revised To Positive; 'A' Rating Affirmed" Aug 22, 2024. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Apollo-Asset-Management-Inc-Management-And-Governance-Assessment-Revised-To-Positive-A-Rating-Affirmed-3235221>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Apollo Asset Management Inc. Management And Governance Assessment Revised To Positive; 'A' Rating Affirmed Aug 22, 2024. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Apollo-Asset-Management-Inc-Management-And-Governance-Assessment-Revised-To-Positive-A-Rating-Affirmed-3235221>
  
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