| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers A > Headlines for American International Group, Inc. (AIG) > News item |
S&P rates AIG issue A+
Standard & Poor's said it assigned its A+ junior subordinated debt rating to American International Group Inc.'s (AIG, AA/stable/A-1+) £750 million series A-2 debentures and €1 billion series A-3 debentures.
Both series are expected to mature in 2037 with final maturity in 2067, the agency said.
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, according to S&P.
An offsetting factor had been the material weaknesses in internal controls, which the company disclosed in 2005, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.