Corporate UK Customers Global Menu MyAviva Search SHARE PRICE 370.90 GBp -5.86%* Home Investors Credit ratings and debt Credit ratings External debt Friends Life Holdings plc General accident plc Debt issuance Commercial paper Key information about Aviva for debt investors including a summary of our credit ratings and documentation for outstanding bond issues. Credit ratings and outlooks Insurer Financial Strength Ratings are assigned to operating companies and represent an insurer's ability to pay obligations to policyholders. Issuer Credit Ratings represent an issuer's ability to meet its overall financial commitments as they fall due. Insurer Financial Strength Rating Entity S&P Moody’s A.M.Best Fitch Aviva Insurance Ltd (AIL) AA- (Stable) Aa3 (Stable) A (Positive) AA- (Stable) Aviva International Insurance Ltd (AIIL) AA- (Stable) Aa3 (Stable) A (Positive) AA- (Stable) Aviva Life & Pensions UK Ltd AA- (Stable) Aa3 (Stable) - AA- (Stable) Aviva Insurance Company of Canada* AA- (Stable) - - AA- (Stable) Aviva Insurance Ireland DAC (AIIDAC) AA- (Stable) - - - *S&P and A.M. Best also rate the Canadian operating entities Elite Insurance Company, Pilot Insurance Company, Traders General Insurance Company, Scottish & York Insurance Company Ltd, S&Y Insurance Company Issuer Credit Rating Entity S&P Moody’s A.M.Best Fitch Aviva plc A (Stable) A2 (Stable) a- (Stable) A+ (Stable) Friends Life Holdings plc - - - A+ (Stable) Long term external debt and preference shares Debt ratings are assigned to specific instruments and represent the issuer's ability to meet financial commitments in accordance with the terms of that instrument. Subordinated debt and the Direct Capital Instrument have equity-like characteristics and are therefore eligible to be recognised as capital by regulators and rating agencies. The lower ratings reflect this subordination. Aviva plc Please use the slider to see more columns. Instrument Nominal Coupon Issued Prospectus / Terms Callable Maturity Rating* ISIN Senior €315m 0.625% 2016 Final Terms - Oct 2023 A2/A/A XS1509003361 Senior €464m 1.875% 2018 Final Terms - Nov 2027 A2/-/A XS1908273219 Subordinated £700m 6.125% 2001 Prospectus Nov 2026 Nov 2036 A3/BBB+/BBB+ XS0138717441 Subordinated £502m 6.125% 2003 Prospectus Sep 2022 Perpetual A3/BBB+/BBB+ XS0177447983 Subordinated £600m 6.875% 2008 Final Terms May 2038 May 2058 A3/BBB+/BBB+ XS0364880186 Subordinated €301m 6.125% 2013 Final Terms Jul 2023 Jul 2043 A3/BBB+/BBB+ XS0951553592 Subordinated €700m 3.875% 2014 Final Terms Jul 2024 Jul 2044 A3/BBB+/BBB+ XS1083986718 Subordinated €900m 3.375% 2015 Final Terms Dec 2025 Dec 2045 A3/BBB+/BBB+ XS1242413679 Subordinated £400m 5.125% 2015 Final Terms Jun 2030 Jun 2050 A3/BBB+/BBB+ XS1242413166 Subordinated £400m 4.375% 2016 Final Terms Sep 2029 Sep 2049 A3/BBB+/BBB+ XS1488459485 Subordinated £500m 4.000% 2020 Final Terms Jun 2035 Jun 2055 A3/-/BBB+ XS2181348405 Subordinated C$450m 4.000% 2020 Final Terms - Oct 2030 A3/-/BBB+ CAG06871AA82 Preference shares £100m 8.375% 1992 Final Terms - Perpetual -/-/- GB0002114154 Preference shares £100m 8.750% 1992 Final Terms - Perpetual -/-/- GB0002124963 *Moody's/S&P/Fitch Friends Life Holdings plc Please use the slider to see more columns. Instrument Nominal Coupon Issued Prospectus / Terms Callable Maturity Rating* ISIN Subordinated £500m 8.250% 2011 Prospectus - Apr 2022 A2/A/A- XS0620022128 *Moody's/S&P/Fitch General Accident plc Please use the slider to see more columns. Instrument Nominal Coupon Issued Prospectus / Terms Callable Maturity Rating ISIN Preference shares 140 8.875% 1992 Final Terms - Perpetual - GB0003692737 Preference shares 110 7.875% 1993 Final Terms - Perpetual - GB0003692513 Debt issuance programmes We have a £7 billion Medium Term Note programme and two Commercial Paper programmes. Prospectus / Deed Medium Term Note Prospectus (updated June 2021) Prospectus Medium Term Note Supplemental Prospectus (updated September 2021) Prospectus Medium Term Note Prospectus (updated May 2020) Prospectus Medium Term Note Supplemental Prospectus (updated May 2020) Prospectus Medium Term Note Supplemental Prospectus (updated September 2020) Prospectus Medium Term Note Prospectus (updated May 2019) Prospectus Trust Deed (updated June 2021) Deed Trust Deed (updated May 2020) Deed the Terms and Conditions of the Dated Tier 2 Notes contained in the Prospectus dated 22 April 2016 (as amended by way of a Supplemental Prospectus dated 30 August 2016) Prospectus the Terms and Conditions of the Senior Notes contained in the Prospectus dated 16 July 2018 (as amended by way of a Supplemental Prospectus dated 12 September 2018) Prospectus Short term commercial paper Issuer Instrument S&P Moody’s Aviva plc Commercial paper (guaranteed by AIL) A-1+ P-1 Aviva plc Commercial paper A-1 P-1 The contents of this web page are as at 30 September 2021 and are publically published by the relevant ratings agencies – we have replicated the ratings here for information purposes only, and are not providing investment advice. Professional advice from an authorised independent adviser should always be sought before acting or relying on any of the information, and we accept no responsibility for any loss which may arise from reliance on the information on this web page, or any web page(s) to which we may have provided a link. For details on IFRS carrying values and totals please refer to Aviva plc's annual report and accounts. Nothing in this website is intended to constitute a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000. Customer contacts Need help? Find out how to get in touch with us. Our products View savings and insurance products and get a quote. Use MyAviva Easily manage your policies and shareholding. Something's gone wrong? Make a complaint so we can try to put it right. 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