Standard & Poor’s Ratings Services has assigned its “A+” junior subordinated debt rating to American International Group Inc.’s Series A-4 junior subordinated debentures due in 2077. “The ratings are based on the counterparty credit rating on AIG, which reflects the group’s extremely strong and well-diversified global competitive position, consistent track record of strong operating performance–notwithstanding recent accounting restatements–and strong organic growth in capital,” stated S&P credit analyst Rodney Clark.
Was this article valuable?
Here are more articles you may enjoy.
Charges Dropped Against ‘Poster Boy’ Contractor Accused of Insurance Fraud 
These Five Technologies Increase The Risk of Cyber Claims 
UBS Top Executives to Appear at Senate Hearing on Credit Suisse Nazi Accounts 
One out of 10 Cars Sold in Europe Is Now Made by a Chinese Brand 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.