Moody's assigns A2 to Apollo Asset

Moody's Investors Service said it assigned a first-time A2 issuer rating to Apollo Asset Management, Inc

"Apollo Asset Management's A2 issuer rating primarily reflects the underlying credit strengths of its operating subsidiaries, including their strong investment performance and a large stable of investor capital as well as significant balance sheet liquidity," said Neal M Epstein, a Moody's vice president and senior credit officer, in a press release.

The outlook is stable.

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