Fitch affirms Ameriprise

Fitch Ratings said it affirmed the issuer default rating of Ameriprise Financial Inc. at A, senior unsecured debt rating at A- and the insurer financial strength ratings of its primary life insurance subsidiaries at AA-.

The debt affirmed at A- includes its $340 million of 5.35% senior notes due Nov. 15, 2010; $700 million of 5.65% senior notes due Nov. 15, 2015; $750 million of 5.3% senior notes due 2020; $300 million of 7.3% senior notes due Jun 28, 2019; and $200 million of 7.8% senior notes due June 15, 2039.

The agency also said it affirmed the company's $308 million of 7.518% junior subordinated notes due June 1, 2066 at BBB.

The outlook is stable.

The affirmations reflect the company's favorable balance sheet characteristics that provide good financial flexibility and liquidity, strong profitability trends and favorable market position as a leading financial planning firm in the United States, Fitch said.

The life insurance operations were a net capital generator through the recent financial crisis, unlike many peers, the agency said.

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