NEW YORK (Standard & Poor's) Aug. 13, 2004--Standard & Poor's Ratings Services said today that it assigned its 'A+' senior debt rating to Allstate Corp.'s (Allstate) $650 million, 10-year bond issuance. Allstate expects to use the net proceeds from this offering for general corporate purposes, including the repayment of a portion of the $900 million of senior notes that are scheduled to mature on May 1, 2005. Allstate is the holding company for the Allstate Insurance Group, a diversified financial services organization with a strong franchise in the U.S. personal auto, homeowners, life, and asset-accumulation businesses. "The 'AA' financial strength ratings on the members of the group are based on their strong operating performance, business position, and capitalization. The company
