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Article: Fitch Places AIG Ratings on Rating Watch Negative.
- Article from:
- Business Wire
- Article date:
- August 22, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Fitch Ratings has placed its ratings of American International Group, Inc. (AIG) and its insurance and financial services subsidiaries on Rating Watch Negative (see list below). Previously, Fitch had a Negative Rating Outlook on AIG and the majority of its insurance-related subsidiaries rated by Fitch, and a Stable Rating Outlook on AIG's financial services subsidiaries, including AIG Capital Corporation (AIGCC), International Lease Finance Corp. (ILFC), and American General Finance Inc. (AGF). Fitch does not rate AIG Financial Products (AIGFP), which has been a significant source of recent quarterly losses reported by AIG on a consolidated basis.
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