Moody's on Aug. 8 affirmed the senior debt rating of Ameriprise Financial Inc. at A3.

Additionally, the rating agency affirmed the Aa3 insurance financial strength rating of the company's life insurance subsidiaries headed by RiverSource Life Insurance Co.

The outlook on the ratings is "stable."

The affirmation of Ameriprise's ratings and stable outlook reflects the company's solid financial flexibility and very strong profitability, according to Moody's. It added that Ameriprise continues to leverage its strong brand name and market position as it expands its sizable and productive field adviser force, while maintaining robust capital levels at its insurance operating companies.