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.
Liberty Mutual and Satellite Firm ICEYE Launch Parametric Wildfire Insurance 
Why Toyota RAV4s Are Suddenly the Most Coveted Used Cars in America 
Zurich Insurance Expands Data-Center Offering Beyond the US 
Danone US Sues Chobani Over High-Protein Yogurt Labeling Claims 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.