Aerospace-Defense
Friday May 9
S&P Lowers AIG's Ratings; On CreditWatch/Negative
“AIG guarantees AIGFP's obligations, so the potential strain of the losses to the parent contributed to the downgrade.”
American International Group's whopping $7.81 billion first quarter loss brought an immediate reaction from Standard & Poor's Ratings Services. via Insurance Journal West
Posted by roboblogger
Full Story: Insurance Journal West
Complete Coverage: 1 story
- SNL Financial - S&P, Fitch cut AIG ratings following Q1 results, capital raise
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