Abstract: On Sept. 12, 2008, Standard&Poor's Ratings Services placed its ratings on American International Group Inc. (NYSE: AIG) (AA-/A-1+) and subsidiaries on CreditWatch with negative implications. This action follows a significant decline in AIG's share price and an increase in credit spreads on the company's debt. Standard&Poor's believes that AIG has sufficient capital and liquidity to meet its policy obligations and potential collateral requirements, which are significantly greater than the expected cash losses on the mortgage-related assets. However, additional market value losses will place some strain on the company's resources. Given the movement in the share price and credit spreads, we now believe AIG's potential access to the capital market may be more restricted in the short

Brief Excerpt: RESEARCH Ratings Definitions Research Update: American International Group Inc. Ratings Placed On CreditWatch With Negative Implications Publication date: 12-Sep-2008 Primary Credit Analyst: Rodney A Clark, FSA, New York (1) 212-438-7245;...

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
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 S&P Credit Research
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.