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Article: S&P Afrms AllState Corp Rtgs;Am Herit Life Off Watch.
- Article from:
- Business Wire
- Article date:
- November 2, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--Nov. 2, 1999--
Standard & Poor's today affirmed its ratings on Allstate Corp. (Allstate) and on the company's property/casualty (P/C) and life insurance operating subsidiaries (see list below).
In addition, the ratings on American Heritage Life Insurance Co. and its parent, American Heritage Life Investment Corp., were upgraded and removed from CreditWatch, where they were initially placed July 12, 1999 (see list).
All rating actions followed the closing of the acquisition of American Heritage Life Investment Corp. by Allstate Corp.
Major rating factors:
-- Allstate is the sole owner of Allstate ...