Two ratings agencies offered positive assessments of American International Group after the U.S. Treasury's sell-down to a minority stake in the company, with Moody's Investor's Service calling the development "another credit-positive milestone" and Fitch Ratings stating that recent actions have rejuvenated AIG.
In its Weekly Credit Outlook, Moody's says of the Treasury's offering that reduced its ownership stake in AIG to around 16 percent from 53 percent, "The ongoing repayment and termination of government support is credit positive for AIG because it enhances the company's brand and its ability to find itself in the capital markets.
Demonstrating the strengthening of the brand through the reduction of government support and gradual improvement in core operations, Moody's pointed to AIG's decision to rebrand its property and casualty arm, Chartis, as AIG, and its life insurer, SunAmerica Financial Group, as AIG Life.
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.
