NEW YORK (Standard & Poor's) May 28, 2003--Standard & Poor's Ratings Services said today that it assigned its 'A+' senior debt rating to Allstate Corp.'s (Allstate) $400 million, 30-year bond issuance. Allstate intends to use the net proceeds from this offering to fund the redemption of $300 million of senior notes that are scheduled to mature on June 16, 2003, as well as for general corporate purposes. Allstate is a diversified financial services organization with a strong franchise in the U.S. personal auto, homeowners, life, and asset-accumulation businesses. "Complementing each of these businesses is a conservative capital position, which continues to be a strength of the organization," noted Standard & Poor's credit analyst Matthew T. Coyle. Complete ratings information is
