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Prospect News home > News index > List of issuers A > Headlines for Allstate Corp. > News item |
S&P corrects Allstate debt
Standard & Poor's said it misstated the debt type in its Jan. 3 rating of Allstate Corp.
The BBB rating should have been assigned to the company's $1 billion subordinated debentures due 2053.
In the initial release, the debt was referred to as junior subordinated debentures.
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