NEW YORK, July 25 10, 2022 (GLOBE NEWSWIRE) — 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 Athens Holding Ltd. (together with its subsidiaries, “Athene”) received credit ratings of A2 and A1, respectively, from Moody’s Investors Service (“Moody’s”) for the first time.

According to reports published by Moody’s, AAM’s A2 issuer rating reflects the depth and breadth of its asset management business, the stability of its managed asset base, anchored in perpetual capital vehicles , and the solidity of its performances recorded over many years.

Moody’s A1 IFS rating for Athene’s insurance subsidiaries reflects the strong market position of its core retirement services products. The report notes that Athene benefits from ownership of Apollo Global Management, which supports the company’s business profile and provides access to investment expertise, as well as increased financial flexibility.

Martin Kelly, Apollo’s Chief Financial Officer, said, “We are delighted to receive these strong investment grade ratings for Apollo Asset Management and Athene, underscoring the strength, financial performance and stability of our integrated global platform. As we continue to use our disciplined and 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, Chairman and CEO of Athene, said: “This IFS A1 rating for Athene reflects our capital strength, leadership position and exceptional long-term performance, supporting customers, insurers and institutions with attractive risk-adjusted returns. As part of the Apollo platform, we are better positioned than ever to continue to strategically improve our retirement solutions, grow our assets, and generate income for life for workers and retirees. »

About Apollo

Apollo is a high growth global alternative asset manager. In our asset management business, we seek to provide our clients with excess return at every stage of the risk-reward spectrum, from investment grade to private equity, with a focus on three investment strategies : yield, hybrid and equities. For more than three decades, our investment expertise on our fully integrated platform has met the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by offering a range of retirement savings products and acting as a solution provider to institutions. Our patient, creative and knowledgeable approach to investing aligns our clients, the companies we invest in, our employees and the communities we impact, to expand opportunities and achieve positive results. As of March 31, 2022, Apollo had approximately $513 billion in assets under management. For more information, visit www.apollo.com.

Forward-looking statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, discussions related to Apollo’s expectations regarding the performance of its business, liquidity and capital resources and other non-historical statements. These forward-looking statements are based on the beliefs of management, as well as assumptions made by management and information currently available to it. When used in this press release, the words “believe”, “anticipate”, “estimate”, “expect”, “intend”, “will”, “should”, “could or “may” and similar expressions are intended to identify forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee that these expectations will prove to be correct. These statements are subject to certain risks, uncertainties and assumptions, including, but not limited to, those described in the section titled “Risk Factors” in Apollo’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) of the United States. on May 10, 2022, as such factors may be updated from time to time in Apollo’s periodic filings with the SEC, which are available on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements included in Apollo’s filings with the SEC. Apollo undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This press release does not constitute an offer by any Apollo fund.

contacts

For investors:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
[email protected]

For the media:
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
[email protected]