...Local Currency Issuer Credit Rating A/Stable/-- Rationale S&P Global Ratings' ratings on Ameriprise Financial Inc. (AMP) reflect the group's very strong business risk profile (BRP) and financial risk profile (FRP), leading us to an anchor of '##-'. We base our ratings on AMP's multiline business profile with above-peer earnings stemming from insurance and noninsurance operations coupled with an effective distribution platform. Our ratings are also reflect AMP's very strong capital adequacy levels and well-managed investment portfolio. We consider its enterprise risk management (ERM) framework as adequate with strong risk controls, reflecting our positive view of its risk-management culture and risk controls. AMP is a diversified financial services company that provides a broad range of investment and insurance products through its network of financial advisors and third-party distribution. Its offerings include fixed and variable annuities (VA), traditional life insurance, and disability...
