Summary: AARP, District Of Columbia; Joint Criteria; Non-Profit Organizations

S&P Global Ratings revised its outlook to positive from stable and affirmed its 'AA' issuer credit rating (ICR) on AARP, D.C., and its 'AA' long-term underlying rating on AARP's debt. S&P Global Ratings also affirmed its 'AA+/A-1' dual rating on AARP's series 2001A taxable notes. The 'AA+' long-term rating reflects the application of our joint criteria based on Bank of America (BOA) as the letter of credit provider and the 'AA' underlying rating of AARP. The 'A-1' short-term rating reflects the short-term rating on BOA. The outlook revision reflects the organization's robust financial resources that have increased materially over the past decade, AARP's continued strong brand recognition and demonstrated resiliency through economic cycles, as well as a low debt burden

...+ S&P Global Ratings revised its outlook to positive from stable and affirmed its '##' issuer credit rating (ICR) on AARP, D.C., and its '##' long-term underlying rating on AARP's debt. + S&P Global Ratings also affirmed its '##+/A-1' dual rating on AARP's series 2001A taxable notes. The '##+' long-term rating reflects the application of our joint criteria based on Bank of America (BOA) as the letter of credit provider and the '##' underlying rating of AARP. The 'A-1' short-term rating reflects the short-term rating on BOA. + The outlook revision reflects the organization's robust financial resources that have increased materially over the past decade, AARP's continued strong brand recognition and demonstrated resiliency through economic cycles, as well as a low debt burden and a bullet maturity that is now almost fully supported by an accumulating sinking fund balance....

Summary