Fitch affirms Ameriprise

Fitch Ratings said it affirmed the A issuer default rating of Ameriprise Financial, Inc.

The outlook is stable.

Ratings reflect the group's strong balance sheet fundamentals, moderate financial leverage and strong interest coverage at the holding company level, as well as the solid AAA-level capitalization of the life insurance operating subsidiaries, the agency said, as well as moderate exposure to subprime mortgages.

Ratings reflect strong competitive positions in the company's core life and annuity segments and continued improvements in its core asset management operations, the agency said.

© 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.