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AM Best Assigns Issue Credit Rating to Ameriprise Financial, Inc.'s New Senior Notes

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AM Best has assigned a Long-Term Issue Credit Rating of "a-" to
the $500 million 3.00% 3-year senior unsecured notes, due March 22,
2022, issued by Ameriprise Financial, Inc. (Ameriprise Financial)
(headquartered in Minneapolis, MN) (NYSE:AMP). The outlook assigned to
the Credit Rating (rating) is stable. All other ratings of Ameriprise
Financial and its subsidiaries are unchanged.

AM Best expects the proceeds from the issuance to be used for general
corporate purposes including repayment or redemption of future note
maturities. The debt offering is a drawdown from the company's shelf
registration. With this issuance of the new debt instrument, AM Best
calculates Ameriprise Financial's debt-to-capital ratio to rise
initially to approximately 34%, which remains in line with AM Best's
guidelines for the rating level. In addition, AM Best expects interest
coverage to remain very strong. The financial leverage, along with
interest expense coverage, is expected to remain well within AM Best's
expectation for the assigned rating.

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
Understanding
Best's Credit Ratings
. For information on the proper media
use of Best's Credit Ratings and AM Best press releases, please view
Guide
for Media - Proper Use of Best's Credit Ratings and AM Best Rating
Action Press Releases
.

AM Best is a global rating agency and information provider with a
unique focus on the insurance industry. Visit
www.ambest.com
for more information
.

Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its
affiliates. ALL RIGHTS RESERVED.

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