DBRS Rates American Express Company $2.0 billion Issuance of Senior Notes at A (high), Trend Stable

DBRS, Inc. (DBRS) assigned a rating of A (high) to the $1.6 billion 3.40% Senior Notes due February 2023 and the $400 million Floating Rate Senior Notes due February 2023 (together the Notes) issued by American Express Company (Amex). The trend on 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 (November 2017), Global Methodology for Rating Banks and Banking Organizations (May 2017) and DBRS Criteria: Rating Corporate Holding Companies and Their Subsidiaries (December 2017), 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.

The rated entity or its related entities did participate in the rating process for this rating action. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.