AIG Falls from Its Triple-A Perch

The insurer's lowered rating, to AA+, comes on news of its delayed 10-K filing and questionable transactions that dented shareholders' equity

On Mar. 30, Standard & Poor's Ratings Services lowered its long-term counterparty credit and senior debt ratings on American International Group (AIG ) to AA+, from AAA. At the same time, Standard & Poor's cut its preferred stock rating on AIG to AA-, from AA.

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