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Allstate Corp.'s $650M, 30-Year Senior Debt Issue Assigned 'A+' Rating

Published Mar 23, 2006

388 words — Published Mar 23, 2006

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Abstract:

NEW YORK (Standard&Poor's) March 23, 2006--Standard&Poor's Ratings Services said today that it assigned its 'A+' senior debt rating to Allstate Corp.'s (NYSE:ALL) recently priced 30-year, $650 million senior debt issue. Standard&Poor's also said that it affirmed its 'A+' counterparty credit rating on Allstate Corp., 'AA' counterparty credit and financial strength ratings on Allstate Insurance Co. and its property/casualty affiliates, and its 'AA' counterparty credit and financial strength ratings on Allstate Life Insurance Co. and its life insurance affiliates. The outlook on all these companies remains negative. The net proceeds of the debt issuance will be used to retire the existing $550 million senior notes due in December 2006, with the remainder used for general

Brief Excerpt:

RESEARCH Allstate Corp.'s $650M, 30-Year Senior Debt Issue Assigned 'A+' Rating Publication date: 23-Mar-2006 NEW YORK (Standard & Poor's) March 23, 2006--Standard & Poor's Ratings Services said today that it assigned its 'A+' senior...

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:

HTML

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Research Update: Allstate Corp.'s $650M, 30-Year Senior Debt Issue Rated 'A+'; Ratings Affirmed – 2006/03/23 – US$ 225.00

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Summary: Allstate Corp. – 2006/01/10 – US$ 225.00

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Summary: Allstate Corp. – 2005/08/17 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Allstate Corp.'s $650M, 30-Year Senior Debt Issue Assigned 'A+' Rating" Mar 23, 2006. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Allstate-Corp-s-650M-30-Year-Senior-Debt-Issue-Assigned-A-Rating-499504>

APA:	S&P Global Ratings’ Credit Research. (). Allstate Corp.'s $650M, 30-Year Senior Debt Issue Assigned 'A+' Rating Mar 23, 2006. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Allstate-Corp-s-650M-30-Year-Senior-Debt-Issue-Assigned-A-Rating-499504>

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