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Moody's assigns A2 to Apollo Global
Moody's Investors Service said it assigned a first-time A2 issuer rating to Apollo Global Management, Inc. The outlook is stable.
“AGM benefits from its subsidiaries' strong investment performance, their large, stable base of investor capital, and significant balance sheet liquidity," said Neal M Epstein, CFA, a Moody's vice president and senior credit officer, in a press release.
AGM is also the parent of Athene Holding Ltd., rated Baa1 by the agency, which receives dividends from the insurer, and Apollo Asset Management, Inc., rated A2 by Moody’s.
The outlook is stable.
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