AM Best Assigns Issue Credit Ratings to Ameriprise Financial, Inc.’s New Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to Ameriprise Financial, Inc.’s (Ameriprise) (Minneapolis, MN) recently announced USD 300 million, 4.8% senior unsecured notes, due 2031, and the USD 450 million, 5.35% senior unsecured notes, due 2036. The outlook assigned to these Credit Ratings (ratings) is stable.

Proceeds from the offering are being used for general corporate purposes, including the repayment of outstanding senior notes maturing this year. Following the debt issuance, the adjusted financial leverage stands at 37% but is expected to decrease to approximately 33% following the maturity of Ameriprise’s September 2026 notes. Interest coverage with this debt issue is expected to remain favorable and is considered adequate. Ameriprise maintains a strong liquidity position, with approximately $8.3 billion in cash and cash equivalents at the parent company level as of the first quarter of 2026. The company has also continued to demonstrate solid operating performance, supported by sustained growth across its core business segments and consistent earnings generation.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

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