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Moody’s Gives AIG Stock Sale Thumbs-Up

The proposed sale of 300 million shares of American International Group stock got a thumbs-up from Moody’s, which says the company has the right pieces in place to improve its operating return, but notes earnings volatility ahead as it faces a number of challenges.

By Mark E. Ruquet | Updated on May 16, 2011
A report says Moody’s believes AIG has the “funding sources and management depth to make significant progress towards [its] goals.”

NU Online News Service, May 16, 1:01 p.m. EDT

Moody’s gives a thumbs-up to the proposed sale of 300 million shares of American International Group stock, saying the company has the right pieces in place to improve its operating return, but notes earnings volatility ahead as it faces a number of challenges.

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