S&P Lowers Rating On AIG China Operation
NU Online News Service, Feb. 11, 4:12 p.m.EST?Standard & Poor's Ratings Services said in NewYork today that it lowered its financial strength ratings on fourbranches of American International Group's Chinese subsidiary AIUInsurance Company.
The downgrade from "triple-A" to "double-A-plus" for AIUInsurance Co. Guangzhou, AIU Insurance Co. Shenzhen, AIU InsuranceCo. Foshan, AIU Insurance Co. Shanghai Province A' came because ofa revision of its definition of insurer financial strength ratings,S&P said.
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