Am best takes various credit rating actions on the allstate corporation and its key subsidiaries

Oldwick, n.j.--(business wire)-- #insurance--am best has downgraded the long-term issuer credit rating (long-term icr) to “aa-” (superior) from “aa” (superior) and affirmed the financial strength rating (fsr) of a+ (superior) of the members of allstate insurance group (allstate). the outlook of these credit ratings (ratings) is stable. in addition, am best has removed from under review with negative implications and downgraded the fsr to b (fair) from b+ (good) and the long-term icr to “bb” (fair) from “bbb.
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