Am best assigns issue credit rating to athene holding ltd.'s new preferred stock

Oldwick, n.j.--(business wire)--am best has assigned a long-term issue credit rating (long-term ir) of “bb+” to the $575 million, 4.875%, perpetual, non-cumulative preferred stock issued by athene holding ltd. (athene) (bermuda) [nyse:ath]. the outlook assigned to this credit rating (rating) is positive. athene intends to use the proceeds for general corporate purposes, including support of investment opportunities, inorganic growth and organic and its commitment to the athene co-invest reinsur
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