(Bloomberg) — American International Group Inc., the insurer that repaid a U.S. bailout in late 2012, was upgraded by Fitch Ratings after buying back bonds and improving results at its units.
|The rating on senior debt was lifted to BBB+ from BBB as "earnings growth at the insurance subsidiaries and the repayment of higher coupon debt has led to significantly improved interest coverage," Fitch said today in a statement on the New York-based insurer.
|Editor: Steven Crabill
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:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 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.