S&P: AIG unchanged

Standard & Poor's said it is taking no rating action on American International Group Inc. (AIG, AA/negative/A-1+) or its subsidiaries following the announcement of the company's settlement of certain regulatory investigations and the completion of its non-life reserve study.

The company's ratings include the senior unsecured debt rating at AA and preferred stock rating at A+.

S&P said that AIG announced a settlement with the SEC, the New York Attorney General, the New York State Department of Insurance and the U.S. Department of Justice, under which AIG will pay $1.64 billion in disgorgement of profits and fines.

S&P said it expects the company to meet the cost of these items with its current liquidity resources, including short-term borrowings, which will reduce the company's liquidity position for a period of time.

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