Yesterday, A.M. Best and Moody's said they're not changing ratings or rating statuses for American International Group or its insurance operations, even though an $85 billion federal government credit facility eases holding company liquidity issues.
At Oldwick, N.J.-based A.M. Best, all ratings--including property-casualty insurer financial strength ratings that were dropped to "A" from "A-plus" on Monday--remain under review with negative implications.
Best analysts said they recognize that a two-year loan from the Federal Reserve removed the imminent threat of bankruptcy and that the outside perspective of a new chief executive--Edward Liddy--increases the potential for objective decisions about the future direction of AIG.
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