Earnings in 2009 recovered to near 2007 highs, and are improving further in 2010. GAAP EBITDA fixed-charge coverage was 8.3x for 2009, and is expanding in 2010, which we consider to be supportive of the ratings. Business profile is more diversified and stable following Columbia acquisition. As a result, we are affirming the ratings and revising the outlook to stable. On July 29, 2010, Standard&Poor's Ratings Services revised its outlook on Ameriprise Financial Inc. and its insurance subsidiaries--RiverSource Life Insurance Co. and RiverSource Life Insurance Co. of New York--to stable from negative. At the same time, Standard&Poor's affirmed its 'A' counterparty credit rating on Ameriprise Financial and its 'AA-' counterparty credit and financial strength ratings on
