Research Update: Allstate Corp. Short-Term Counterparty Credit Rating Raised To 'A-1' From 'A-2' - S&P Global Ratings’ Credit Research

Research Update: Allstate Corp. Short-Term Counterparty Credit Rating Raised To 'A-1' From 'A-2'

Research Update: Allstate Corp. Short-Term Counterparty Credit Rating Raised To 'A-1' From 'A-2' - S&P Global Ratings’ Credit Research
Research Update: Allstate Corp. Short-Term Counterparty Credit Rating Raised To 'A-1' From 'A-2'
Published Mar 23, 2015
4 pages (1095 words) — Published Mar 23, 2015
Price US$ 225.00  |  Buy this Report Now

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Abstract:

We changed our view of the company's liquidity to exceptional from strong on Feb. 24, 2014, and inadvertently did not revise the short-term rating or CP rating. We are raising the short-term counterparty credit rating and CP rating on Allstate Corp. to 'A-1' from 'A-2'. We are subsequently withdrawing the CP rating. On March 23, 2015, Standard&Poor's Ratings Services raised its short-term counterparty credit rating and commercial paper (CP) rating on Allstate Corp. to 'A-1' from 'A-2'. We subsequently withdrew the 'A-1' CP rating because there is currently no CP outstanding. We inadvertently did not revise the short-term rating or the CP rating on Allstate Corp. when we changed our view of the company's liquidity to exceptional from

  
Brief Excerpt:

...(Editor's Note: The version of this article published earlier today misstated a rating in the Outlook section. A corrected version follows.)...

  
Report Type:

Research Update

Ticker
Issuer
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Allstate Corp. Short-Term Counterparty Credit Rating Raised To 'A-1' From 'A-2'" Mar 23, 2015. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Allstate-Corp-Short-Term-Counterparty-Credit-Rating-Raised-To-A-1-From-A-2-1390427>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Allstate Corp. Short-Term Counterparty Credit Rating Raised To 'A-1' From 'A-2' Mar 23, 2015. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Allstate-Corp-Short-Term-Counterparty-Credit-Rating-Raised-To-A-1-From-A-2-1390427>
  
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