Ameriprise Financial Inc. And Related Ratings Affirmed Following Acquisition Announcement - S&P Global Ratings’ Credit Research

Ameriprise Financial Inc. And Related Ratings Affirmed Following Acquisition Announcement

Ameriprise Financial Inc. And Related Ratings Affirmed Following Acquisition Announcement - S&P Global Ratings’ Credit Research
Ameriprise Financial Inc. And Related Ratings Affirmed Following Acquisition Announcement
Published Sep 30, 2009
Published Sep 30, 2009
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Abstract:

Ameriprise Financial Inc. is acquiring Columbia Management's long-term mutual fund business for approximately $1 billion. This announcement has not changed our opinion of the companies' creditworthiness, so we have affirmed our 'A' rating on Ameriprise and our 'AA-' ratings on its insurance subsidiaries. The outlook remains negative based on continued equity market pressures on the group's business model and earnings profile. NEW YORK (Standard&Poor's) Sept. 30, 2009--Standard&Poor's Ratings Services said today that it affirmed its 'A' counterparty credit rating on Ameriprise Financial Inc. Standard&Poor's also said that it affirmed its 'AA-' counterparty credit and financial strength ratings on Ameriprise's insurance subsidiaries: RiverSource Life Insurance Co. and RiverSource Life Insurance Co. of New York (collectively

  
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Ratings Action

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Asset Management & Custody Banks (40203010)
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Global Issuers
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Ameriprise Financial Inc. And Related Ratings Affirmed Following Acquisition Announcement" Sep 30, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ameriprise-Financial-Inc-And-Related-Ratings-Affirmed-Following-Acquisition-Announcement-749256>
  
APA:
S&P Global Ratings’ Credit Research. (). Ameriprise Financial Inc. And Related Ratings Affirmed Following Acquisition Announcement Sep 30, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ameriprise-Financial-Inc-And-Related-Ratings-Affirmed-Following-Acquisition-Announcement-749256>
  
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