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Article: [0] S&P Affirms Allstate Corp. and Subsidiaries Ratings; Outlook Stable.
- Article from:
- PR Newswire
- Article date:
- December 5, 2000
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NEW YORK, Dec. 5 /PRNewswire/ --
Standard & Poor's today affirmed its ratings on Allstate Corp. and its property/casualty and life insurance subsidiaries (collectively referred to as Allstate). The outlook is stable.
At the same time, Standard & Poor's withdrew its single-'A'-minus preferred stock rating on American Heritage Life Investment Corp. (AHLIC), which is a subsidiary of Allstate Corp. The rating on AHLIC was withdrawn at the company's request, and there are no pertinent outstanding issues on it.
Major Rating Factors:
-- Market position. Through its wholly owned subsidiary, Allstate
Insurance Co. (AIC), and AIC's ...