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Article: AIG Europe S.A. Rated 'AAA' by S&P.
- Article from:
- PR Newswire
- Article date:
- October 9, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. 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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PARIS, Oct. 9 /PRNewswire/ -- Standard & Poor's today assigned its triple-'A' financial strength rating to AIG Europe S.A. (AIG Europe). The rating is based on explicit and implicit support from American International Group Inc. (AIG) and its member companies. Explicit support includes a guarantee from American Home Assurance Co. (which has a triple-'A' financial strength rating and is a wholly owned subsidiary of AIG) on the prompt payment of all obligations arising from policies issued by AIG Europe.
MAJOR RATING FACTORS
-- The policyholder obligations of the company have been explicitly guaranteed by triple-'A' rated American Home Assurance ...