Strong and diverse earnings capacity with more than 35% of its cash flow coming from noninsurance operations and unregulated dividends. Conservative debt leverage and very strong fixed-charge coverage ratios. Strong affiliated advisor network. Very strong liquidity. Execution risk as a newly independent public company. Cash flows from insurance and asset management operations are sensitive to equity market volatility. The counterparty credit rating on Ameriprise Financial Inc. (NYSE:AMP) reflects AMP's strong balance sheet, the large initial funding from the its previous parent, and extremely strong cash coverage because of its stable life insurance and strong asset-management operations, supported by a unique financial advisory distribution channel. These positive factors are somewhat offset by the potential execution risks that come with the spin-off
