Report title: Ratings On 16 AIG Subsidiary Insurance-Supported Bonds Lowered And Placed On Watch Negative
from S&P Credit Research
615 word report published Sep 16, 2008

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Abstract: NEW YORK (Standard&Poor's) Sept. 16, 2008--Standard&Poor's Ratings Services today lowered its ratings on 16 American International Group Inc. subsidiary insurance-supported bond issues and placed the ratings on CreditWatch with negative implications (see list). These rating actions follow the lowering of our counterparty credit rating on American International Group (NYSE: AIG) and our ratings on its subsidiaries, as well as the placement of these ratings on CreditWatch negative (see "American International Group Ratings Lowered And Kept On CreditWatch Negative," published Sept. 15, 2008, and "American International Group Inc. Ratings Placed On CreditWatch With Negative Implications," published Sept. 12, 2008, on RatingsDirect, the real-time Web-based source for Standard&Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com).

Brief Excerpt: RESEARCH Ratings Definitions Ratings On 16 AIG Subsidiary Insurance-Supported Bonds Lowered And Placed On Watch Negative Publication date: 16-Sep-2008 Primary Credit Analyst: Justin Hansen, New York (1) 212-438-7334; justin_hansen@standardandpoors.com...

Report Type: News
Issuer: Kidzmall Grand Rapids, L.L.C
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.
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