Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that Apollo Asset Management, Inc. (NYSE: AAM PrA, AAM PrB) and Athene Holding Ltd. (together with its subsidiaries, “Athene”) have received first-time A2 and A1 credit ratings, respectively, from Moody’s Investors Service (“Moody’s”).
According to the Moody’s published reports, AAM’s A2 issuer rating reflects the scale and breadth of its asset management business, the stability of its managed asset base, anchored by perpetual capital vehicles, and the strength of its performance record over many years.
The Moody’s A1 IFS rating for Athene’s insurance subsidiaries reflects the strong market position in its core retirement services products. The report notes that Athene benefits from Apollo Global Management’s ownership, which supports the company’s business profile and provides access to investment expertise, as well as increased financial flexibility.
Martin Kelly, Chief Financial Officer of Apollo, said, “We are pleased to receive these strong investment grade ratings for both Apollo Asset Management and Athene, underscoring the strength, financial performance and stability of our integrated global platform. As we continue to employ our disciplined, cycle-resilient approach, we are confident in our ability to continue to generate outsized returns for our clients, while creating lasting shareholder value.”
Jim Belardi, Chief Executive Officer of Athene, said, “This A1 IFS rating for Athene reflects our capital strength, leadership position and long-term, exceptional performance supporting customers, insurance companies and institutions with attractive risk-adjusted returns. As part of the Apollo platform, we are better positioned than ever to continue strategically enhancing our retirement solutions, expanding our assets and generating lifetime income for workers and retirees.”
For more such Updates Log on to https://fintecbuzz.com/ Follow us on Google News Fintech News
