AM Best Assigns Issue Credit Rating to The Allstate Corporation’s Newly Issued Preferred Stock Offering
19 Maggio 2023 - 8:30PM
Business Wire
AM Best has assigned a Long-Term Issue Credit Rating of
“bbb+” (Good) to the $600 million 7.375% non-cumulative perpetual
preferred stock recently issued by The Allstate Corporation
(headquartered in Northbrook, IL) [NYSE: ALL]. The outlook assigned
to the Credit Rating (rating) is stable. The company intends to use
the net proceeds for general corporate purposes. The existing
ratings of The Allstate Corporation and its subsidiaries remain
unchanged.
This press release relates to Credit Ratings that have been
published on AM Best’s website. For all rating information relating
to the release and pertinent disclosures, including details of the
office responsible for issuing each of the individual ratings
referenced in this release, please see AM Best’s Recent
Rating Activity web page. For additional information
regarding the use and limitations of Credit Rating opinions, please
view Guide to Best's Credit Ratings. For information
on the proper use of Best’s Credit Ratings, Best’s Performance
Assessments, Best’s Preliminary Credit Assessments and AM Best
press releases, please view Guide to Proper Use of Best’s
Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and
data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in
over 100 countries with regional offices in London, Amsterdam,
Dubai, Hong Kong, Singapore and Mexico City. For more information,
visit www.ambest.com.
Copyright © 2023 by A.M. Best Rating
Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Kate Steffanelli Associate Director +1 908 439
2200, ext. 5063 kate.steffanelli@ambest.com
Christopher Sharkey Associate Director, Public
Relations +1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com
Edin Imsirovic Director +1 908 439 2200, ext.
5740 edin.imsirovic@ambest.com
Al Slavin Senior Public Relations Specialist +1
908 439 2200, ext. 5098 al.slavin@ambest.com
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