Fitch rates AIG notes AA-

Fitch Ratings said it assigned AA- ratings to American International Group, Inc.'s £750 million 5¾% junior subordinated debentures due 2067, series A-2, and €1 billion 4 7/8% junior subordinated debentures due 2076, series A-3.

The outlook is stable.

The proceeds of these issuances, combined with the recent $1 billion offering of series A-1 notes, will total $3.7 billion and will be used for common share repurchase.

The agency said the ratings continue to reflect AIG's very strong earnings power, significant franchises in life and non-life insurance domestically and internationally and very strong financial flexibility.

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