AM Best assigns an issue credit rating to the new senior unsecured bonds of Athene Holding Ltd.

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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.

This press release relates to credit ratings published on the AM Best website. For all rating information relating to the release and relevant disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent rating activity Web page. For more information on the use and limits of credit rating opinions, please see Best Credit Score Guide. For more information on the proper use of Best’s credit scores, Best’s preliminary credit reports, and AM Best’s press releases, please see Guide to Proper Use of Best Ratings and Reviews.

AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. Based in the United States, the company operates in more than 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information visit www.ambest.com.

Copyright © 2021 by AM Best Rating Services, Inc. and / or its affiliates. ALL RIGHTS RESERVED.

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Contacts

Louis Argent
Senior Financial Analyst
+1 908 439 2200, ext. 5802
louis.silvers@ambest.com

Edouard Kohlberg
Director
+1 908 439 2200, ext. 5664
edward.kohlberg@ambest.com

Christophe sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christophe.sharkey@ambest.com

Jim peavy
Director, Communications
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

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