We have reviewed Ameriprise Financial Group under our revised criteria. We are revising our outlook on AMP to negative from stable and affirming our ratings on AMP and its core insurance subsidiaries. The negative outlook captures the gradual shift in AMP's business mix toward asset and wealth-management. On Oct. 29, 2019, S&P Global Ratings revised its outlook on Ameriprise Financial Inc. (AMP) to negative from stable. At the same time, we affirmed our 'A' long-term issuer credit rating on AMP and our 'AA-' long-term issuer credit and financial strength ratings on RiverSource Life Insurance Co. and RiverSource Life Insurance Co. of New York. The outlook revision is entirely based on AMP's risk profile becoming increasingly focused on asset and wealth
