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A.M. Best Affirms Ratings of Teachers Insurance and Annuity Association of America and Its Subsidiary

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OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A++ (Superior) and the issuer credit ratings of “aaa” of Teachers Insurance and Annuity Association of America (TIAA) and its wholly owned insurance subsidiary, TIAA-CREF Life Insurance Company (TIAA-CREF Life). TIAA and TIAA-CREF Life are collectively referred to as the TIAA Group. A.M. Best also has affirmed the debt rating of “aa” on TIAA’s $2 billion 6.85% surplus notes due Dec. 16, 2039, $1.65 billion 4

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