Research Update: Ameriprise Financial Inc., Subsidiaries Ratings Affirmed On Acquisition; Outlook Remains Stable - S&P Global Ratings’ Credit Research

Research Update: Ameriprise Financial Inc., Subsidiaries Ratings Affirmed On Acquisition; Outlook Remains Stable

Research Update: Ameriprise Financial Inc., Subsidiaries Ratings Affirmed On Acquisition; Outlook Remains Stable - S&P Global Ratings’ Credit Research
Research Update: Ameriprise Financial Inc., Subsidiaries Ratings Affirmed On Acquisition; Outlook Remains Stable
Published Apr 13, 2021
5 pages (2469 words) — Published Apr 13, 2021
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Ameriprise Financial, Inc. (AMP) has announced its acquisition of BMO Financial Group's (BMO) Europe, Middle East, Africa (EMEA)- focused asset management business for £615 million, or approximately $845 million, in an all-cash transaction expected to close in fourth-quarter 2021. We are affirming our 'A-' issuer credit and senior unsecured debt ratings on AMP and 'A+' financial strength and issuer credit ratings on its insurance subsidiaries RiverSource Life and RiverSource Life of New York. The outlook remains stable reflecting our expectation that, despite generating considerable goodwill and intangibles, the transaction will not materially erode capitalization. On April 13, 2021, S&P Global Ratings affirmed its 'A-' issuer credit and senior unsecured debt ratings on Ameriprise Financial Inc. (AMP). At the same time,

  
Brief Excerpt:

...- Ameriprise Financial, Inc. (AMP) has announced its acquisition of BMO Financial Group's (BMO) Europe, Middle East, Africa (EMEA)- focused asset management business for ú615 million, or approximately $845 million, in an all-cash transaction expected to close in fourth-quarter 2021. - We are affirming our 'A-' issuer credit and senior unsecured debt ratings on AMP and 'A+' financial strength and issuer credit ratings on its insurance subsidiaries RiverSource Life and RiverSource Life of New York. - The outlook remains stable reflecting our expectation that, despite generating considerable goodwill and intangibles, the transaction will not materially erode capitalization....

  
Report Type:

Research Update

Ticker
AMP
Issuer
Ameriprise Financial Inc.
GICS
Asset Management & Custody Banks (40203010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Ameriprise Financial Inc., Subsidiaries Ratings Affirmed On Acquisition; Outlook Remains Stable" Apr 13, 2021. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ameriprise-Financial-Inc-Subsidiaries-Ratings-Affirmed-On-Acquisition-Outlook-Remains-Stable-2627153>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Ameriprise Financial Inc., Subsidiaries Ratings Affirmed On Acquisition; Outlook Remains Stable Apr 13, 2021. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ameriprise-Financial-Inc-Subsidiaries-Ratings-Affirmed-On-Acquisition-Outlook-Remains-Stable-2627153>
  
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