DBRS Rates American Express Company $2.25 billion Issuance of Senior Notes at A (high)

DBRS, Inc. (DBRS) has assigned a rating of A (high) to the $1.85 billion 2.50% Fixed Rate Senior Notes due August 2022, and the $400 million Floating Rate Senior Notes due August 2022 (together the Notes) issued by American Express Company (Amex). The trend on all of the Notes is Stable. The proceeds from the Notes will be included in the general funds of Amex and available for general corporate purposes.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodologies are the Global Methodology for Rating Finance Companies (October 2016), Global Methodology for Rating Banks and Banking Organisations (May 2017), DBRS Criteria: Rating Corporate Holding Companies and Their Subsidiaries (December 2016), which can be found on our website under Methodologies.

The primary sources of information used for this rating include company documents. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.