New York, June 03, 2014 -- Moody's Investors Service has assigned a Baa3 (hyb) rating to Allstate Corporation's ("Allstate"; NYSE: ALL, senior debt at A3) planned issuance of non-cumulative perpetual preferred stock which is expected to be executed on an ongoing basis over the next 1-2 weeks. The transactions will constitute draw downs from Allstate's shelf registration filed on April 30, 2012. Proceeds from the offering are expected to be used for general corporate purposes. The rating outlook is stable.
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