A.M. Best Assigns Debt Rating to The Allstate Corporation’s Newly Issued Preferred Share Offering
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a debt rating of “bbb” to the recently issued $250.0 million 6.25% non-cumulative perpetual preferred stock of The Allstate Corporation (Northbrook, IL) [NYSE: ALL]. The outlook assigned to the rating is stable.
The proceeds from this offering are expected to be used for general corporate purposes.
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