Moody's confirmed its "Aa2" insurance financial strength rating of American International Group's domestic brokerage group.
AIG has been under the regulatory and ratings agency microscope all year following its restatement of earnings stemming from possible accounting misdeeds, the rating service said earlier this week.
Bruce Ballentine, vice president senior credit officer, and Robert Riegel, managing director, both with the Financial Institutions Group at Moody's, said that members of the domestic brokerage group remained on review for possible further downgrade because of the preponderance of ongoing regulatory investigations and potential accounting adjustments which pertained to this group.
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