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Allstate Financial Group Ratings Affirmed; Outlook Stable.
Business Editors
NEW YORK--(BUSINESS WIRE)--Jan. 30, 2004
Credit Rating:AA/Stable/A-1+
On Jan. 30, 2004, Standard & Poor's Rating Services affirmed its 'AA' counterparty credit and financial strength ratings on members of the Allstate Financial Group (collectively referred to as Allstate Financial; see ratings list).
The outlook on these ratings is stable.
The ratings affirmation reflects the breadth and depth of Allstate Financial's product and distribution capabilities as well as its strong brand name recognition, conservative capitalization, and strategic importance to parent, Allstate Insurance Co. (ALIC). Partially offsetting these strengths are the challenges associated with revenue and earnings growth in the highly competitive retail insurance segments and earnings sensitivity associated with interest rate levels and equity market performance.
Outlook
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