Ameriprise Financial Inc. New Senior Unsecured Notes Rated 'A-'

NEW YORK (S&P Global Ratings) March 6, 2023--S&P Global Ratings today assigned its 'A-' debt rating to Ameriprise Financials Inc.'s (AMP) new $750 million senior unsecured debt issue. The proceeds will be used for general corporate purposes, including to repay at maturity $750 million in outstanding senior unsecured notes that mature in October 2023. Our stable outlook on AMP reflects our expectation that it will continue to post solid profitability and maintain supportive capitalization and good liquidity across the group, with retention of earnings supporting modest balance sheet growth. Downside scenario We could lower the ratings over the next 12-24 months if we expect: A material deterioration in capitalization or profitability; or An unexpected increase in risk, or erosion of

...March 6, 2023 NEW YORK (S&P Global Ratings) March 6, 2023--S&P Global Ratings today assigned its 'A-' debt rating to Ameriprise Financials Inc.'s (AMP) new $750 million senior unsecured debt issue. The proceeds will be used for general corporate purposes, including to repay at maturity $750 million in outstanding senior unsecured notes that mature in October 2023. Our stable outlook on AMP reflects our expectation that it will continue to post solid profitability and maintain supportive capitalization and good liquidity across the group, with retention of earnings supporting modest balance sheet growth. Downside scenario We could lower the ratings over the next 12-24 months if we expect: - A material deterioration in capitalization or profitability; or - An unexpected increase in risk, or erosion of liquidity. Upside scenario Over the same time horizon, it is unlikely we will raise the ratings....

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