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Allstate Financial Group 'AA' Ratings Affirmed; Outlook Stable Jan 04
Standard & Poors, Jan 2004
Abstract
NEW YORK (Standard & Poor's) Jan. 30, 2004--Standard & Poor's Rating Services said today that it affirmed its 'AA' counterparty credit and financial strength ratings on Allstate Life Insurance Co. (ALIC) and other members of the Allstate Financial Group (collectively referred to as Allstate Financial). The outlook on these ratings is stable. 'The ratings affirmation reflects the breadth and depth of Allstate Financial's product and distribution capabilities as well as its strong brand name recognition, conservative capitalization, and strategic importance to parent, ALIC,' explained Standard & Poor's credit analyst Kevin Ahern. 'Partially offsetting these strengths are the challenges associated with revenue and earnings growth in the highly competitive retail insurance segments and earnings sensitivity associated with interest rate levels and...
Companies mentioned in this report are: 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.
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