Best affirms AIG rating
–31 May 2008
AM Best has affirmed the financial strength rating of A++ (Superior) and issuer credit ratings of “aa+”of the domestic life and retirement services subsidiaries of American International Group, Inc. (AIG). The ratings have been removed from under review with negative implications and assigned a negative outlook.
In addition, A.M. Best has affirmed the FSRs of A+ (Superior) and ICRs of “aa-”of most of AIG’s domestic property/casualty subsidiaries. The ratings have been removed from under review with negative implications and assigned a negative outlook. Also, A.M. Best has affirmed the FSRs of A+(Superior) and ICRs of “aa-” of the subsidiaries of AIG’s 60% majority owned company, Transatlantic Holdings, Inc. (New York). The ratings have been removed from under review with negative implications and assigned a stable outlook.
Concurrently, A.M. Best has downgraded the ICR to “aa-” from “aa” of American International Group, Inc. (New York, NY) [NYSE: AIG]. The rating has been removed from under review with negative implications and assigned a negative outlook.
A.M. Best also has affirmed the ICR of “a-” and all the debt ratings of Transatlantic Holdings, Inc. The ratings have been removed from under review with negative implications and assigned a stable outlook.
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