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Bulletin: Allstate Corp. And Affiliates Ratings Unaffected By Asset Sale Sep 08
Standard & Poors, Sep 2008
Abstract
NEW YORK (Standard & Poor's) Sept. 17, 2008--Standard & Poor's Ratings Services said today that it is taking no rating action on Allstate Corp. (NYSE:ALL; A+/Stable/A-1) or its subsidiaries following the announcement that Allstate Life Insurance Co. (ALIC) entered into two sale agreements with its parent, Allstate Insurance Co. (AIC). These agreements pertained to ALIC's purchase of certain investment assets from AIC, including commercial mortgage loans and private placements. This action is consistent with management's enterprise asset allocation plans and our expectations. ALIC funded the purchase from available cash....
Companies mentioned in this report are: Allstate Corp.,Allstate Insurance Co.,Allstate Life Insurance Co.
Action: Bulletin
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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