{"id":759732,"date":"2023-05-19T14:33:10","date_gmt":"2023-05-19T18:33:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-assigns-issue-credit-rating-to-the-allstate-corporations-newly-issued-preferred-stock-offering\/"},"modified":"2023-05-19T14:33:10","modified_gmt":"2023-05-19T18:33:10","slug":"am-best-assigns-issue-credit-rating-to-the-allstate-corporations-newly-issued-preferred-stock-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-assigns-issue-credit-rating-to-the-allstate-corporations-newly-issued-preferred-stock-offering\/","title":{"rendered":"AM Best Assigns Issue Credit Rating to The Allstate Corporation\u2019s Newly Issued Preferred Stock Offering"},"content":{"rendered":"

<\/p>\n

AM Best Assigns Issue Credit Rating to The Allstate Corporation\u2019s Newly Issued Preferred Stock Offering<\/b><\/p>\n

OLDWICK, N.J.–(BUSINESS WIRE<\/a>)–AM Best<\/b> has assigned a Long-Term Issue Credit Rating of \u201cbbb+\u201d (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.<\/p>\n

This press release relates to Credit Ratings that have been published on AM Best\u2019s 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\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best’s Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>\n

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 <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>\n

Copyright \u00a9 2023 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230519005367\/en\/<\/a><\/span><\/p>\n

Kate Steffanelli
\n<\/b>
Associate Director
\n<\/b>
+1 908 439 2200, ext. 5063
\n<\/b>
kate.steffanelli@ambest.com<\/a><\/p>\n

Christopher Sharkey
\n<\/b>
Associate Director, Public Relations
\n<\/b>
+1 908 439 2200, ext. 5159
\n<\/b>
christopher.sharkey@ambest.com<\/a><\/p>\n

Edin Imsirovic
\n<\/b>
Director
\n<\/b>
+1 908 439 2200, ext. 5740
\n<\/b>
edin.imsirovic@ambest.com<\/a><\/p>\n

Al Slavin
\n<\/b>
Senior Public Relations Specialist
\n<\/b>
+1 908 439 2200, ext. 5098
\n<\/b>
al.slavin@ambest.com<\/a><\/p>\n

KEYWORDS:<\/b> New Jersey Europe United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Insurance Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

AM Best Assigns Issue Credit Rating to The Allstate Corporation\u2019s Newly Issued Preferred Stock Offering OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has assigned a Long-Term Issue Credit Rating of \u201cbbb+\u201d (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\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of … <\/p>\n

Continue reading “AM Best Assigns Issue Credit Rating to The Allstate Corporation\u2019s Newly Issued Preferred Stock Offering”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-759732","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAM Best Assigns Issue Credit Rating to The Allstate Corporation\u2019s Newly Issued Preferred Stock Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/am-best-assigns-issue-credit-rating-to-the-allstate-corporations-newly-issued-preferred-stock-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AM Best Assigns Issue Credit Rating to The Allstate Corporation\u2019s Newly Issued Preferred Stock Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"AM Best Assigns Issue Credit Rating to The Allstate Corporation\u2019s Newly Issued Preferred Stock Offering OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has assigned a Long-Term Issue Credit Rating of \u201cbbb+\u201d (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\u2019s website. 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