Allstate Corp. And Subsidiaries Outlook Revised To Negative; Ratings Affirmed - S&P Global Ratings’ Credit Research

Allstate Corp. And Subsidiaries Outlook Revised To Negative; Ratings Affirmed

Allstate Corp. And Subsidiaries Outlook Revised To Negative; Ratings Affirmed - S&P Global Ratings’ Credit Research
Allstate Corp. And Subsidiaries Outlook Revised To Negative; Ratings Affirmed
Published Oct 23, 2008
1023 words — Published Oct 23, 2008
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) Oct. 23, 2008--Standard&Poor's Ratings Services said today that it revised its outlook on Allstate Corp. (Allstate), Allstate Insurance Co. (AIC) and its property/casualty affiliates (collectively, Allstate Protection), and Allstate Life Insurance Co. and its life insurance affiliates (collectively Allstate Financial) to negative from stable. Standard&Poor's also said that it affirmed its 'A+' counterparty credit rating on Allstate and its 'AA' counterparty credit and financial strength ratings on Allstate Protection and Allstate Financial. "The negative outlook reflects the significant deterioration in capital adequacy to the strong level from very strong," explained Standard&Poor's credit analyst Neil Stein. "This resulted from a combination of sizable catastrophe losses and realized investment losses, investment

  
Brief Excerpt:

RESEARCH Allstate Corp. And Subsidiaries Outlook Revised To Negative; Ratings Affirmed Publication date: 23-Oct-2008 Primary Credit Analysts: Neil Stein, New York (1) 212-438-5906; neil_stein@standardandpoors.com Adrian Pask, New...

  
Report Type:

Ratings Action

Ticker
ALL
Issuer
Allstate Corp.
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers , Public Finance , Structured Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Allstate Corp. And Subsidiaries Outlook Revised To Negative; Ratings Affirmed" Oct 23, 2008. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Allstate-Corp-And-Subsidiaries-Outlook-Revised-To-Negative-Ratings-Affirmed-678515>
  
APA:
S&P Global Ratings’ Credit Research. (). Allstate Corp. And Subsidiaries Outlook Revised To Negative; Ratings Affirmed Oct 23, 2008. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Allstate-Corp-And-Subsidiaries-Outlook-Revised-To-Negative-Ratings-Affirmed-678515>
  
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