AM Best Assigns Issue Credit Rating to Athene Holding Ltd.’s New Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)--
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) (Bermuda) [NYSE: ATH]. The outlook assigned to this Credit Rating (rating) is stable. All other ratings of Athene and its insurance subsidiaries are unchanged.

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.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent 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 additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 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 A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Louis Silvers
Senior Financial Analyst

+1 908 439 2200, ext. 5802

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Edward Kohlberg
Director

+1 908 439 2200, ext. 5664

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Christopher Sharkey
Manager, Public Relations

+1 908 439 2200, ext. 5159

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Jim Peavy
Director, Communications

+1 908 439 2200, ext. 5644

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Source: AM Best