NEW YORK (Standard&Poor's) July 10, 2008--Standard&Poor's Ratings Services said today that it raised its counterparty credit rating on Ameriprise Financial Inc. (Ameriprise Financial) to 'A' from 'A-'. The outlook is stable. At the same time, Standard&Poor's affirmed its 'AA-' counterparty credit and financial strength ratings on Ameriprise's life subsidiaries, RiverSource Life Insurance Co. and RiverSource Life Insurance Co. of New York The outlook is stable. "Ameriprise Financial's upgrade reflects our view that the company continues to successfully execute on its strategy and has established its brand in the marketplace," said Standard&Poor's credit analyst Ovadiah Jacob. Ameriprise maintains a very diversified business model with strong unregulated cash flows, strong levels of GAAP, and
