Moody’s adds to AIG’s woes in rating downgrade
Moody's Investors Service has downgraded the senior unsecured debt rating of American International Group to A2 from Aa3 in light of the continuing deterioration in the US housing market and the consequent impact on the group's liquidity and capital position due to its related investment and derivative exposures.
The company's long-term and Prime-1 short-term ratings were placed on review for possible further downgrade. The company has developed a wide-ranging plan to address capital and liquidity risks which
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