Research Update: Ameriprise Financial Inc.'s Senior Unsecured Notes Rated 'A' - S&P Global Ratings’ Credit Research

Research Update: Ameriprise Financial Inc.'s Senior Unsecured Notes Rated 'A'

Research Update: Ameriprise Financial Inc.'s Senior Unsecured Notes Rated 'A' - S&P Global Ratings’ Credit Research
Research Update: Ameriprise Financial Inc.'s Senior Unsecured Notes Rated 'A'
Published May 26, 2009
959 words — Published May 26, 2009
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Abstract:

Ameriprise Financial Inc. is issuing approximately $150 million in senior unsecured notes. We are assigning our 'A' rating on Ameriprise Financial's new debt issuance. The other ratings on Ameriprise Financial and its subsidiaries are unaffected. The outlook remains negative, based on continued equity market pressures on the business model and earnings profile. On May 26, 2009, Standard&Poor's Ratings Services assigned its 'A' rating on Ameriprise Financial Inc.'s approximately $150 million senior unsecured notes. Our other ratings on Ameriprise Financial and its subsidiaries are unaffected. The outlook remains negative. The issuance has a scheduled maturity in 2039 and is callable by Ameriprise Financial after five years. We expect the company to use proceeds from the notes to prefund a

  
Brief Excerpt:

RESEARCH Research Update: Ameriprise Financial Inc.'s Senior Unsecured Notes Rated 'A' Publication date: 26-May-2009 Primary Credit Analyst: Ovadiah N Jacob, New York (1) 212-438-2745; ovadiah_jacob@standardandpoors.com Secondary...

  
Report Type:

Research Update

Ticker
Issuer
GICS
Asset Management & Custody Banks (40203010)
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Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Ameriprise Financial Inc.'s Senior Unsecured Notes Rated 'A'" May 26, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ameriprise-Financial-Inc-s-Senior-Unsecured-Notes-Rated-A-723884>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Ameriprise Financial Inc.'s Senior Unsecured Notes Rated 'A' May 26, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ameriprise-Financial-Inc-s-Senior-Unsecured-Notes-Rated-A-723884>
  
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