AM Best Issues Correction to Issue Credit Rating on Teachers Insurance and Annuity Association of America’s Surplus Notes

JUNE 12, 2026 04:33 PM (EDT)

AM Best Issues Correction to Issue Credit Rating on Teachers Insurance and Annuity Association of America's Surplus Notes

CONTACTS:

FOR IMMEDIATE RELEASE

OLDWICK - JUNE 12, 2026 04:33 PM (EDT)
AM Best has issued a correction to the previously published assignment of a Long-Term Issue Credit Rating (Long-Term IR) of "aa" (Superior) of the forthcoming $2 billion, 30-year surplus notes, issued by Teachers Insurance and Annuity Association of America (TIAA) (New York, NY) with a stable outlook. The Long-Term IR of "aa" has been corrected to include an indicative modifier. The previous press release, "AM Best Assigns Issue Credit Rating to Teachers Insurance and Annuity Association of America's Forthcoming Surplus Notes," dated June 8, 2026, has been corrected to, "AM Best Assigns Indicative Issue Credit Rating to Teachers Insurance and Annuity Association of America's Forthcoming Surplus Notes." This rating appears on AM Best's website and unaffiliated services such as Bloomberg.

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 (BCR), Best's Performance Assessments (PA), Best's Preliminary Credit Assessments (PCA) 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.