S&P rates Ameriprise Financial debt A

S&P said it assigned its A rating to Ameriprise Financial Inc.'s senior unsecured debt issuance of up to $500 million.

The issuance has a 10-year maturity, and the company will use the proceeds for general corporate purposes.

S&P said it believes that Ameriprise has been opportunistic in its issuances to take advantage of low interest rates.

Ameriprise maintains a competitive business profile encompassing a diversified product offering, including advice and wealth management, asset management, annuities and protection products, which it sells through its well-branded distribution network, the agency said. S&P also added that the company’s financial profile continues to be very strong.

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