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S&P Credit Research2254 word report
published Sep 15, 2008
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S&P Credit Research
| Abstract: | On Sept. 15, 2008, Standard&Poor's Ratings Services lowered its long-term counterparty rating on American International Group Inc. (NYSE:AIG) to 'A-' from 'AA-' and its short-term counterparty credit rating on AIG to 'A-2' from 'A-1+'. At the same time, Standard&Poor's lowered its counterparty credit and financial strength ratings on most of AIG's insurance operating subsidiaries to 'A+' from 'AA+'. All of these ratings remain on CreditWatch with negative implications, where they were placed on Sept. 12, 2008. The main reason for the rating actions is the combination of reduced flexibility in meeting additional collateral needs and concerns over increasing residential mortgage-related losses. Mark-to-market losses from mortgage-related investments and swap exposures have placed significant pressure on AIG's ability
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: American International Group Ratings Lowered And Kept On CreditWatch Negative Publication date: 15-Sep-2008 Primary Credit Analyst: Rodney A Clark, FSA, New York (1) 212-438-7245; rodney_clark@standardandpoo...
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| Report Type: | Research Update
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| Ticker: | AIG
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| Issuer: | American International Group Inc.
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| GICS: | Multi-line Insurance (40301030)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Bulletin: American International Group Inc. Ratings Unaffected By Plan To Transfer AIU Holdings Inc. $100.00
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- Two American International Group Inc.-Supported Bond Ratings Removed From CreditWatch Negative $100.00
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- American International Group Ratings Taken Off CreditWatch Negative And Affirmed; Outlook Negative $100.00
NEW YORK (Standard&Poor's) March 2, 2009--Standard&Poor's Ratings Services said today that it affirmed its supported 'A-/A-1' counterparty credit rating on American International Group Inc. (NYSE:AIG) and its 'A+' counterparty credit and financial ...
- Research Update: American International Group Ratings Removed From CreditWatch Negative And Affirmed; Outlook Negative $175.00
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- Ratings On Several Minor AIG Subsidiaries Withdrawn; Rating On One Other Subsidiary Affirmed $100.00
NEW YORK (Standard&Poor's) Feb. 4, 2009--Standard&Poor's Ratings Services today said it took various ratings actions on several American International Group Inc. (NYSE:AIG) subsidiaries. "These actions follow AIG's decision to revise or terminate ...
- Research Update: Ratings On Several Minor AIG Subsidiaries Withdrawn; Rating On Another Subsidiary Affirmed $175.00
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- Bulletin: American International Group Inc. Ratings Unaffected By Recent Media Reports $100.00
NEW YORK (Standard&Poor's) Dec. 11, 2008--Standard&Poor's Ratings Services said today that its ratings on American International Group Inc. (NYSE:AIG; A-/Watch Neg/A-1) are unaffected by media reports of additional losses on the company's credit ...
- Bulletin: AIG Ratings Unaffected By Third-Quarter Loss And Revisions To Fed Facility $100.00
NEW YORK (Standard&Poor's) Nov. 10, 2008--Standard&Poor's Ratings Services said today that its ratings on American International Group Inc. (NYSE:AIG; A-/Watch Neg/A-1) and subsidiaries are unaffected by the company's earnings announcement ...