Following a review of Allstate Corp. under our revised insurance criteria, we are affirming our 'A-' issuer credit rating on the holding company, 'AA-' financial strength ratings on its core insurance operating subsidiaries, and 'A+' rating on Allstate Life Insurance Co., reflecting its highly strategic group status. The ratings predominantly reflect our view of the group's very strong business and strong financial risk profiles, based on its extremely strong competitive position and strong capital and earnings. The outlook revision to stable from negative reflects our prospective view of enterprise capital adequacy and management's demonstration of a more disciplined risk posture following its recent announcement of capital restructuring. NEW YORK (Standard&Poor's) May 28, 2013--Standard&Poor's Ratings Services said
