|
|
 |
|
Viewing report
|
|
|
|
Allstate Corp.'s $650M, 30-Year Senior Debt Issue Assigned 'A+' Rating Mar 06
Standard & Poors, March 2006
Abstract
NEW YORK (Standard & Poor's) March 23, 2006--Standard & Poor's Ratings Services said today that it assigned its 'A+' senior debt rating to Allstate Corp.'s (NYSE:ALL) recently priced 30-year, $650 million senior debt issue. Standard & Poor's also said that it affirmed its 'A+' counterparty credit rating on Allstate Corp., 'AA' counterparty credit and financial strength ratings on Allstate Insurance Co. and its property/casualty affiliates, and its 'AA' counterparty credit and financial strength ratings on Allstate Life Insurance Co. and its life insurance affiliates. The outlook on all these companies remains negative. The net proceeds of the debt issuance will be used to retire the existing $550 million senior notes due in December 2006, with the remainder used for general...
Companies mentioned in this report are: Allstate Corp.,Allstate Insurance Co.,Allstate Life Insurance Co.
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
