Report title: Research Update: American International Group Ratings Lowered And Kept On CreditWatch Negative
from S&P Credit Research
2254 word report published Sep 15, 2008

Price $175.00 available for immediate download
Report Overview
 
Search Inside
 
About 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

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...

Report Type: Research Update
Ticker: AIG
Issuer: American International Group Inc.
GICS: Multi-line Insurance (40301030)
Sector: Global Issuers, Public Finance, Structured Finance
Country: United States
Region: United States
Free Sample: Click Here to Download
Format:
HTML HTML


Enter the keyword(s) which you would like to search for within this document and click "Search"  

Also from S&P Credit Research

Price: $175.00



  Can't Decide?

Purchasing premium research sight unseen can be intimidating. At Alacra we want you to know what you are getting. Visit our FAQ or ask our Customer Service Team any questions about the report you are considering purchasing.