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Allstate Corp. Assigned Debt Ratings on Shelf Registration of Up to $2B Jun 00
Standard & Poors, June 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) June 20, 2000--Standard & Poor's today assigned its single-'A'-plus senior debt rating, single-'A' subordinated debt rating, and single-'A'-minus preferred stock rating to Allstate Corp.'s (Allstate) shelf registration for up to $2 billion, filed yesterday for general corporate purposes. At the same time, Standard & Poor's affirmed all outstanding ratings on Allstate and its operating units. The outlook is stable. Allstate, a holding company, has a leading position in personal automobile and homeowners' insurance through Allstate Insurance Co., the nation's second-largest property/casualty (P/C) insurer, and its affiliated insurers, and in individual life insurance through Allstate Life Insurance Co. and its affiliates. The companies as a whole have recorded very strong earnings and maintained very strong...
Companies mentioned in this report are: Allstate Corp.,Allstate Insurance Co.,Allstate Life Insurance Co.
Action: New Rating
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.
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