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Allstate Corp. Ratings Affirmed; Outlook On Allstate Financial Revised to Negative Feb 02
Standard & Poors, Feb 2002
Abstract
NEW YORK (Standard & Poor's) Feb. 11, 2002--Standard & Poor's today affirmed its ratings on Allstate Corp. (Allstate) and related subsidiaries (see list). The outlook on Allstate Life Insurance Co. and related life subsidiaries, commonly referred to as Allstate Financial, has been revised to negative from stable. The outlook on Allstate Insurance Co. and related companies and the parent, Allstate Corp. remains stable. Today's decision to affirm the ratings on Allstate reflects the diversity and strength of the company's franchise in the U.S. personal auto, homeowners, life and asset accumulation businesses, its conservative capital position, and the above-average underwriting performance of its property/casualty (P/C) operations. The negative outlook on Allstate Financial reflects the increased risk profile associated with growth in...
Companies mentioned in this report are: Allstate Corp.,Allstate Insurance Co.,Allstate Life Insurance Co.,Allstate Indemnity Co.,Allstate Property & Casualty Insurance Co.,Allstate Texas Lloyd's,Allstate County Mutual Insurance Co.,Deerbrook Insurance Co.,Allstate Life Funding LLC,Allstate Financial Global Funding LLC
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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