NU Online News Service, July 12 3:45 p.m. EDT
Fitch Ratings has revised American International Group Inc.'s Rating Outlook to Stable from Evolving, stating that AIG's re-structuring plan has "solidified meaningfully, and capital market conditions have improved significantly" since May 2009, when Fitch assigned the Evolving outlook.
Fitch also removed the A-plus insurer financial strength (IFS) ratings of AIG's domestic property and casualty subsidiaries from Rating Watch Negative and assigned a Stable rating outlook.
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