Two rating agencies said they were continuing to review American International Group's ratings today after the insurance company outlined its plans to sell off a major portion of its holdings to repay an $85 billion federal bailout loan.
Rating firm A.M. Best Co. said it was keeping the firm with an "under review negative" status, and Standard & Poor's said it is changing the firm's review status to "negative" from "developing."
They are considering the New York-based insurer's ratings as it puts units up for sale to pay off an $85 billion bridge loan from the Federal Reserve Bank of New York.
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