Moody's rates Allstate's senior debt A3; outlook stable
New York, December 01, 2016-- Moody's Investors Service has assigned an A3 rating to Allstate Corporation's planned offering of approximately $1.25 billion of senior unsecured notes in two tranches, due 2026 and 2046. The offering constitutes a drawdown from Allstate's shelf registration. Proceeds from the offering are expected to be used for general corporate purposes, including partial financing for the company's pending acquisition of SquareTrade for approximately...
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