Fitch rates AIG notes AA

Fitch Ratings said it assigned an AA rating to American International Group Inc.'s proposed $500 million to $1 billion 30-year bond offering. The outlook is stable.

Fitch said it expects AIG to use proceeds from the offer to refinance existing short-term debt and for general corporate purposes and that, going forward, AIG will keep holding company leverage below 15%.

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

© 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.