Moody’s rates Ameriprise notes A3

Moody's Investors Service said it assigned an A3 debt rating to the $600 million of five-year senior unsecured notes to be issued by Ameriprise Financial, Inc. The notes are being issued from Ameriprise's multi-purpose shelf registration filed on Feb. 26, 2021.

The agency affirmed Ameriprise’s A3 ratings on April 12, 2022.

The proceeds are expected to be used for general corporate purposes, which may include the repayment of $550 million in senior notes maturing in 2024.

“The new debt issuance and 2024 note repayment will maintain prospective leverage at similar levels with a modest increase in interest expense,” Moody’s said in a press release.

The outlook for Ameriprise is unchanged at stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.