28 May 2021News

AM Best assigns rating to Athene’s $500m unsecured bonds

AM Best has assigned a long-term issue credit rating of bbb+ to Athene’s recently issued $500 million 3.95 percent senior unsecured notes due May 25, 2051, with a stable outlook.

Athene’s ratings and those of its insurance subsidiaries remain unchanged.

Athene will use the proceeds for general corporate purposes, supporting investment opportunities, pursuing growth opportunities and funding its subsidiary Athene Co-Invest Reinsurance Affiliate 1A.

More on this story

30 May 2023   Ratings agency says Apollo merger will add to financial flexibility.
22 April 2022   AM Best views Athene’s consolidated risk-adjusted capitalization as strongest.
4 August 2021   Athene Holding has closed a pension risk transfer (PRT) transaction with Lockheed Martin, the global security and aerospace firm, in what was Athene's largest single PRT transaction to date.