AM Best Assigns Credit Rating To Athene Notes
AM Best has assigned a Long-Term Issue Credit Rating [Long-Term IR] of “bbb+” [Good] to the recently issued $500 million, 3.45% senior unsecured notes, due May 15, 2052, of Athene Holding Ltd. [Athene].
The outlook assigned to this Credit Rating is stable. All other ratings of Athene and its insurance subsidiaries are unchanged.
The ratings agency said, “Athene intends to use the proceeds for general corporate purposes, including support of investment opportunities, organic and inorganic growth. AM Best notes that company’s capital levels have increased and proforma financial leverage and interest coverage metrics remain at appropriate levels.”
