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Prospect News home > News index > List of issuers A > Headlines for American International Group, Inc. (AIG) > News item |
Fitch takes AIG off negative watch
Fitch Ratings said it affirmed and removed from Rating Watch negative all of its ratings on American International Group Inc. and its subsidiaries and assigned AA issuer default ratings to AIG and several of its downstream holding company subsidiaries. The outlook is stable.
The rating actions reflect the agency's belief that the majority of the uncertainties surrounding AIG over the last 12 to 14 months have been resolved and that the company's financial profile and competitive positioning remain supportive of its current ratings. Despite a year of unprecedented challenges including management changes, investigations, restatements, reserve charges, regulatory settlements and catastrophe losses, AIG generated net income of over $10 billion and a return on equity of 12.3% in 2005.
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