On July 10, 2008, Standard&Poor's Ratings Services 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. Ameriprise Financial's upgrade was reflects our view that the company continues to successfully execute on its strategy and has established its brand in the marketplace. Ameriprise maintains a very diversified business model with strong unregulated cash flows, strong levels of GAAP, and statutory fixed-charge coverage that are projected at 6x-8x, and modest levels of leverage. The 'A' rating reflects nonstandard
