17 Insurers See Ratings Updates
Ratings Corner, October 1, 2013
Moody's has assigned a Baa1 rating to $1 billion of 10-year, senior unsecured notes being issued by AIG. (senior unsecured debt Baa1, short-term issuer rating Prime-2) off its multi-purpose shelf registration. AIG expects to use the net proceeds for general corporate purposes. The rating outlook for AIG is stable. Moody's said AIG's ratings reflect the leading market positions of its insurance operations, its diversification across products and geographic regions, its continuing divestment/unwinding of noncore businesses, and the healthy liquidity of the parent company.
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