S&P Lowers Rating On AIG China Operation
NU Online News Service, Feb. 11, 4:12 p.m. EST?Standard & Poor's Ratings Services said in New York today that it lowered its financial strength ratings on four branches of American International Group's Chinese subsidiary AIU Insurance Company.
The downgrade from "triple-A" to "double-A-plus" for AIU Insurance Co. Guangzhou, AIU Insurance Co. Shenzhen, AIU Insurance Co. Foshan, AIU Insurance Co. Shanghai Province A' came because of a revision of its definition of insurer financial strength ratings, S&P said.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
