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Allstate Life Insurance Co. 'A-1' Short-Term Rating Affirmed And Then Withdrawn Mar 11
Standard & Poors, March 2011
Abstract
Allstate Life Insurance maintains a relatively strong financial profile and competitive position, and it benefits from being part of Allstate Corp. We affirmed our 'A-1' short-term rating on Allstate Life. Subsequently, we withdrew the short-term rating at the company's request. NEW YORK (Standard & Poor's) March 3, 2011--Standard & Poor's Ratings Services today said it affirmed its 'A-1' short-term rating on Allstate Life Insurance Co. Subsequently, we withdrew the short-term rating on Allstate Life at the company's request. The 'A+' long-term rating and stable outlook on the company remain unchanged. 'The 'A-1' short-term rating reflected Allstate Life's relatively strong financial profile and competitive position, as well as the benefits it derives from being a part of Allstate Corp.,' said Standard...
Companies mentioned in this report are: Allstate Life Insurance Co.,Allstate Corp.
Action: Affirmed
Action: Withdrawn
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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