OLDWICK, NJ, December 14, 2021– (COMMERCIAL THREAD) –AM Best assigned a long-term issue credit rating (long-term IR) of “bbb +” (good) to the recently issued $ 500 million senior unsecured notes, at 3.45%, due 15 May 2052, from Athene Holding Ltd. (Athene) (Bermuda) [NYSE: ATH]. The outlook assigned to this credit rating (rating) is stable. All other ratings of Athene and its insurance subsidiaries remain unchanged.
Athene intends to use the product for general corporate purposes, including supporting investment opportunities, organic and inorganic growth. AM Best notes that the company’s capital levels have increased and that the proforma financial leverage and interest coverage indicators remain at appropriate levels.
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