Moody's affirms AIG

Moody's Investors Service said it has affirmed the ratings of American International Group, Inc. (senior unsecured debt rating Aa2, short-term issuer rating Prime-1) and all rated subsidiaries following AIG's announcement of fourth-quarter 2005 charges associated with regulatory settlements and the completion of an independent actuarial review of property and casualty reserves.

The outlook is stable.

Based on the independent actuarial review, AIG is increasing its property and casualty insurance reserves by $1.69 billion, resulting in an after-tax charge of $1.10 billion, the agency noted.

Moody's commented that these charges fall within ranges contemplated by the rating agency and discussed in prior press releases on AIG.

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