Standard & Poor's Ratings Services said yesterday that it revised the CreditWatch status of its ratings on a number of American International Group Inc.'s property-casualty subsidiaries from developing to negative.

Ratings on AIG remain on CreditWatch negative, and the ratings on most of AIG's life insurance operations remain on CreditWatch developing, the firm said.

It added that it does not expect AIG to sell its core property-casualty operations under its restructuring plan.

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