On March 5, 2025, AM Best assigned a Long-Term Issue Credit Rating of "a-" (Excellent) to Ameriprise Financial, Inc.'s recently announced $750 million, 5.2% 10-year senior unsecured notes, due February 25, 2035. The outlook assigned to this Credit Rating is stable.
The proceeds from this $750 million debt issuance are expected to be used for general corporate purposes, including the repayment of $500 million, 3.0% senior unsecured notes due in April 2025. This strategic financing move helps manage the company's debt profile.
AM Best noted that Ameriprise Financial's financial leverage and interest coverage ratios are within rating guidelines. This affirmation of a strong credit rating supports the company's financial stability and its ability to access capital markets efficiently.
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