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AIG now more “traditional” insurer: Fitch
15 February 2013
Fitch upgrades AIG Life and Retirement's financial strength ratings, and affirms other AIG ratings with a stable outlook.
Fitch Ratings has upgraded the insurer financial strength
ratings of American International Group's US life insurance
subsidiaries to A+ from A.
The rating agency also affirmed the A financial strength
ratings of AIG's rated property/casualty insurance
subsidiaries, as well as AIG's issuer default rating of BBB+
and senior debt rating of BBB. The rating outlook is
The upgrade of the life insurance subsidiaries is driven by
continued improvement in AIG's life and retirement subsidiaries
statutory capital position, recovery of investment values over
time and return to stronger operating profits and earnings
stability. Fitch believes the...
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