Moody's: Ameriprise view negative

Moody's Investors Service said it affirmed Ameriprise Financial, Inc.'s senior debt rating at A3 and changed the outlook to negative from stable.

The affirmation is based on the company's excellent capitalization - despite the very challenging credit and equity markets - and the company's solid financial flexibility, according to the agency.

The outlook change reflects continued investment impairments and pressure on profitability and capital adequacy from depressed equity markets, given its sizable variable annuity and fee-based asset management businesses, according to the agency.

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